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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