MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, April 22, 2010 Janus Barely Misses Expectations Janus 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. Printed from: MFWire.com/story.asp?s=31987 Copyright 2010, InvestmentWires, Inc. All Rights Reserved |