10 Firms Buck Market Slump on Impressive Earnings, New Deals

5. Frankin Resources Inc. (NYSE:BEN)

Franklin Resources saw its share prices grow for a second day on Friday, jumping 10.37 percent to close at $22.24 apiece as investor sentiment was buoyed by better-than-expected fourth-quarter earnings performance.

During the quarter ending December 2024, Franklin Resources said it swung to a net income of $163.6 million from a net loss of $84.7 million during the third quarter of 2024. The figure, however, was lower by 35 percent than the $251.3 million reported in the same period a year prior.

Operating income was at $219 million during the period, as compared with an operating loss of $150.7 million for the previous quarter and operating income of $206.5 million in the same period last year.

Revenues were also higher at $2.25 billion than the analysts’ consensus of $1.71 billion.

In a statement, Franklin Resources President and CEO Jenny Johnson said the earnings performance demonstrated progress across key growth areas, enabling the company to meet the evolving needs of its clients, amid heightened market volatility.