Franklin Templeton reported third-quarter profits of $426.9 million, or $1.76 a share, compared with $381.7 million, or $1.49 a share, in the year earlier period, representing a 14% increase, MartketWatch reports. Analysts had expected Franklin to earn $462.1 million.

Revenue rose 26% to $1.63 billion, up from $1.3 billion, while assets under management rose a scant 3% to $645.9 billion, up from $624 billion.

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