Franklin Resources profit down 10 pct on lower revenue, flows

July 30 Mon Jul 30, 2012 8:48am EDT

July 30 (Reuters) - Money manager Franklin Resources Inc said profit in the June quarter fell 10 percent on lower operating revenue, and on a reduced inflow of cash from investors.

For its third quarter ended June 30 the San Mateo, California, company on Monday reported net income of $455.3 million, or $2.12 per share, compared with net income of $503.3 million, or $2.26 per share, in the same period a year ago.

Analysts surveyed by Thomson Reuters I/B/E/S had expected the company to report earnings of $2.04 per share.