Janus Capital Group Announces 21% Fall In Q1 Bottom Line

(RTTNews) - Janus Capital Group (JNS) revealed a profit for first quarter that retreated from last year.

The company said its bottom line declined to $35.1 million, or $0.19 per share. This was lower than $44.6 million, or $0.23 per share, in last year's first quarter.

Analysts had expected the company to earn $0.20 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 5.4% to $248.5 million. This was down from $262.7 million last year.

Janus Capital Group earnings at a glance:

-Earnings (Q1): $35.1 Mln. vs. $44.6 Mln. last year. -Earnings Decline (Y-o-Y): -21.3% -EPS (Q1): $0.19 vs. $0.23 last year. -EPS Decline (Y-o-Y): -17.4% -Analysts Estimate: $0.20 -Revenue (Q1): $248.5 Mln vs. $262.7 Mln last year. -Revenue Change (Y-o-Y): -5.4%