India, May 2 -- Franklin Resources Inc. (BEN) announced earnings for its second quarter that increased from the same period last year but missed the Street estimates.
The company's earnings came in at $151.4 million, or $0.26 per share. This compares with $124.2 million, or $0.23 per share, last year.
Excluding items, Franklin Resources Inc. reported adjusted earnings of $254.4 million or $0.47 per share for the period.
Analysts on average had expected the company to earn $0.48 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 1.9% to $2.111 billion from $2.152 billion last year.
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Franklin Resourc...