Janus Profit Falls 13% After 14th Quarter of Withdrawals
This article is for subscribers only.
Janus Capital Group Inc., owner of the Janus, Intech and Perkins funds, reported a 13 percent decline in profit as clients pulled out money for the 14th consecutive quarter.
Net income in the three months ended Dec. 31 fell to $31.2 million, or 17 cents a share, from $35.7 million, or 19 cents, a year earlier, the Denver-based company said today in a statement. Profit beat the 14-cent average estimate of eight analysts surveyed by Bloomberg.