Janus Capital Earnings: Revenues and Profits Rise
S&P 500 (NYSE:SPY) component Janus Capital Group Inc. (NYSE:JNS) reported its results for the first quarter. Janus Capital Group, Inc. offers investment management, administration, distribution and related services to individual and institutional investors.
Janus Capital Group Earnings Cheat Sheet for the First Quarter
Results: Net income for Janus Capital Group Inc. rose to $37.9 million (21 cents/share) vs. $31.3 million (17 cents/share) YoY. A rise of 21.1% from the year earlier quarter.
Revenue: Rose 7.1% to $265.4 million YoY.
Actual vs. Wall St. Expectations: JNS beat the mean analyst estimate of 20 cents/share. Estimates ranged from 16 cents per share to 22 cents per share.
Competitors to Watch: Waddell & Reed Financial, Inc. (NYSE:WDR), T. Rowe Price Group, Inc. (NASDAQ:TROW), U.S. Global Investors, Inc. (NASDAQ:GROW), Virtus Investment Partners, Inc. (NASDAQ:VRTS), Cohen & Steers, Inc. (NYSE:CNS), Franklin Resources, Inc. (NYSE:BEN), Federated Investors, Inc. (NYSE:FII), Calamos Asset Management, Inc (NASDAQ:CLMS), Invesco Ltd. (NYSE:IVZ), and Eaton Vance Corp. (NYSE:EV).
Today’s Performance: Shares of JNS are trading at $12.68, up 0.3% from the previous closing price of $12.64.