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Rating:Janus Meets Earnings Expectations Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, July 22, 2004

Janus Meets Earnings Expectations

by: Theresa Sim

Janus reported second quarter earnings in line with analysts' expectations for the company.

Earnings per diluted share were $0.56, or $0.17 per diluted share excluding the gains from selling Data Systems, Inc.

Assets under management for Janus Capital Management were $108.4 billion -- down 10 percent from $120.4 billion at the end of the first quarter and 18 percent from $132.7 billion at last year's end.

Total assets for Janus Capital (which includes Bay Isle Financial, Enhanced Investment Technologies and Perkins, Wolf, McDonnell and Company were $135.4 billion at the end of the second quarter). Total assets were down 7 percent from $145 billion at the end of the first quarter.

"We’re putting additional emphasis on building our institutional and broker-dealer businesses and offering new products to investors who work with financial advisers. We’re also investing in our brand by introducing a new ad campaign this fall," said Steve Scheid, chairman and chief executive officer.

In other efforts, the company plans on increasing its coverage of stocks from 1,000 to 1,200 and adding to its research team. 

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