Franklin Resources, parent company of the Franklin and Templeton mutual funds, announced Thursday that corporate earnings more than doubled in the fourth quarter, citing a ramp-up in equity fund flows that generated higher fees.

The San Mateo, Calif.-based company posted a net profit of $152.1 million, or 61 cents a share, up from the $68.5 million, or 26 cents a share, from the year-ago period. Income for the year-ago period includes a pre-tax, non-cash charge of 17 cents a share for an unrealized investment loss. Wall Street analysts, on average, were expecting the company to earn 56 cents a share, according to research firm Thomson Financial/First Call, sister company of Thomson Media, publisher of this Web site.

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