Have you been eager to see how Franklin Resources Inc. BEN performed in fiscal Q2 in comparison with the market expectations? Let’s quickly scan through the key facts from this CA-based popular asset management firm’s earnings release this morning:An Earnings MissFranklin Resources came out with earnings per share of 61 cents, missing the Zacks Consensus Estimate of 62 cents. Lower revenues and net outflows were the headwinds for the quarter.How Was the Estimate Revision Trend?You should note that the earnings estimate revisions for Franklin Resources depicted optimism prior to the earnings release. The Zacks Consensus Estimate moved up 1.6% over the last 7 days.However, Franklin Resources has a disappointing earnings surprise history. Before posting an earnings miss in fiscal Q2, the company delivered negative surprises in three of the prior four quarters. Overall, the company lagged the Zacks Consensus Estimate by an average of 4.04% in the trailing four quarters.Revenue Came In Lower Than Expected Franklin Resources posted revenues of $1.61 billion, which lagged the Zacks Consensus Estimate of $1.62 billion. Moreover, it compared unfavorably with the year-ago number of $2.01 billion.Key Stats to Note:Operating expenses were down 14% year over yearRevenues were down 20% year over yearAssets Under Management were down 16% year over year What Zacks Rank SaysThe estimate revisions that we discussed earlier have driven a Zacks Rank #3 (Hold) for Franklin Resources. However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. While things apparently look unfavorable, it all depends on what sense the just-released report makes to the analysts.Check back later for our full write up on this Franklin Resources earnings report!Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report FRANKLIN RESOUR (BEN): Free Stock Analysis Report To read this article on Zacks.com click here.