2 Financial Earnings Reports to Digest After Releases

Franklin Resources Inc. (NYSE:BEN) reported its results for the first quarter. Net income for the asset management company fell to $480.8 million ($2.20 per share) vs. $501.2 million ($2.23 per share) a year earlier. This is a decline of 4.1% from the year earlier quarter. Revenue rose 0.1% to $1.7 billion from the year earlier quarter. BEN beat the mean analyst estimate of $2.10 per share. Analysts were expecting revenue of $1.7 billion.

Competitors to Watch: Federated Investors, Inc. (NYSE:FII), Cohen & Steers, Inc. (NYSE:CNS), Calamos Asset Management, Inc (NASDAQ:CLMS), U.S. Global Investors, Inc. (NASDAQ:GROW), Waddell & Reed Financial, Inc. (NYSE:WDR), T. Rowe Price Group, Inc. (NASDAQ:TROW), Janus Capital Group Inc. (NYSE:JNS), Virtus Investment Partners, Inc. (NASDAQ:VRTS), BlackRock, Inc. (NYSE:BLK), Bank of America (NYSE:BAC), JP Morgan (NYSE:JPM), Citigroup (NYSE:C) and Ameriprise Financial, Inc. (NYSE:AMP).

The NASDAQ OMX Group Inc. (NASDAQ:NDAQ) reported its results for the fourth quarter. Net income for the diversified investments company fell to $82 million (45 cents per share) vs. $137 million (69 cents per share) a year earlier. This is a decline of 40.1% from the year earlier quarter. Revenue rose 7.7% to $698 million from the year earlier quarter. NDAQ reported adjusted net income of 63 cents per share. By that measure, the company beat the mean estimate of 62 cents per share. It beat the average revenue estimate of $417.9 million.

Bob Greifeld, Chief Executive Officer and President, NASDAQ OMX said, “In 2011, our strategic decision-making continued to pay off as we achieved double digit growth in revenues and earnings. Investments in new initiatives, contributions from acquisitions, and capital deployment decisions all contributed to our success despite the backdrop of a difficult macroeconomic environment. As we enter 2012, we remain committed to our strategic plan to ensure that we’re well positioned for continued growth.”

Competitors to Watch: NYSE Euronext (NYSE:NYX), IntercontinentalExchange, Inc. (NYSE:ICE), CBOE Holdings, Inc (NASDAQ:CBOE), CME Group Inc. (NASDAQ:CME), MarketAxess Holdings Inc. (NASDAQ:MKTX), Forestar Group Inc. (NYSE:FOR) and London Stock Exchange Group Plc (NYSE:LSE).

To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com