swung from a first quarter loss last year to a first quarter gain, despite $2 billion in Q1 2010 net outflows. This morning the Denver-based mutual fund firm revealed
earnings per diluted share for Q1 2010 of $0.17, up from a $5.22 per diluted share loss in Q1 2009 and down from a $0.20 per diluted share gain in Q4 2009. MarketWatch
's Sam Mamudi reports
that, according to a survey by FactSet Research, analysts expected Janus to earn $0.18 per share.
Janus suffered $2 billion in net Q1 2010 outflows, down from $6.2 billion in net outflows in Q1 2009 and up from $0.1 billion in net ouflows in Q4 2009. Yet positive market gains of $7.8 billion more than compensated for the outflows. Janus ended the first quarter with $165.5 billion in total assets.
Neil Anderson, Managing Editor
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