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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 |
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Thursday, October 25, 2012 Janus Earns at Par Janus Capital Group [profile] reported third quarter net income of $25.1 million, or 14-cents per diluted share [earnings release]. That performance is up 7.3 percent from the previous quarter, but down 8.4 percent from the 2011's third quarter. Janus reported total revenue for the quarter of $209 million, up 1.4 percent from the second quarter, but down 11.7 percent from the same period last year. At September 30, 2012, JCG’s total assets under management were $158.2 billion compared with $152.4 billion at June 30, 2012 and $141.0 billion at September 30, 2011. According to Janus, the increase in complex-wide assets during the third quarter 2012 primarily reflects net market appreciation of $7.8 billion, which was offset by long-term net outflows of $2.0 billion. Fixed income and mathematical equity long-term net inflows totaled $1.0 billion and $0.3 billion, respectively, while fundamental equity long-term net outflows totaled $3.3 billion. According to the Wall Street Journal, analysts polled by Thomson Reuters were looking for earnings of 14 cents a share on $207 million in total revenue. The latest results were reportedly hurt by a penny-per-share impairment charge. Dai-ichi Life Insurance Company now owns 15 percent of Janus. Printed from: MFWire.com/story.asp?s=41801 Copyright 2012, InvestmentWires, Inc. All Rights Reserved |