FYI: Janus Capital Group Inc., the fund company merging with Henderson Group Plc, said fourth-quarter profit fell 34 percent as investors pulled cash amid lackluster performance.
Net income fell to $29.8 million, or 17 cents a share, from $45 million, or 25 cents, a year earlier, the Denver-based money manager said in a statement Tuesday. Adjusted earnings of 20 cents a share missed the forecast of 24 cents by nine analysts surveyed by Bloomberg.
Regards,
Ted
https://www.bloomberg.com/news/articles/2017-01-24/janus-capital-profit-falls-34-in-quarter-as-revenue-declines
