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Franklin Resources Inc. (NYSE:BEN) reported its results for the second quarter. Net income for the finance-investment management remained steady at $503.2 million from a year earlier. On a per share basis, earnings rose to $2.32 per diluted share from $2.25 a share. Revenue rose 2.8% to $1.8 billion from the year-earlier quarter. Franklin Resources Inc. beat the mean analyst estimate of $2.23 per share. It beat the average revenue estimate of $1.74 billion.
AllianceBernstein Holding L.P. (NYSE:AB) reported its results for the first quarter. Net income for AllianceBernstein Holding L.P. fell to $26.7 million (26 cents per share) vs. $43.7 million (42 cents per share) a year earlier. This is a decline of 38.9% from the year-earlier quarter. AllianceBernstein Holding L.P. reported adjusted net income of 29 cents per share. By that measure, the company beat the mean estimate of 23 cents per share.
Equity One Inc. (NYSE:EQY) reported its results for the first quarter. The company’s funds from operations (FFO) was 27 cents a share. FFO, a measure of performance of a real estate investment trust (REIT), removes the profit-reducing effect that depreciation has on earnings. It come in ahead of the consensus estimate of 26 cents per share. FFO, a measure of performance of a real estate investment trust (REIT), removes the profit-reducing effect that depreciation has on earnings.
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