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Thursday July 22, 09:28
Janus Q2 net income declines
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Janus Capital Group said adjusted second-quarter net income fell to $40.5 million, or 17 cents a share, from adjusted net income of $50.5 million, or 22 cents, in the year-earlier quarter, according to CBSMarketWatch. Earnings were adjusted to exclude a pre-tax gain of $228 million from the sale of Janus’ remaining stake in DST Systems [s:dst] and pretax charges tied to debt restructuring, the mutual fund investigation and severance. Adjusted earnings per share matched the 17-cent average estimate of analysts polled by Thomson First Call. Shares of Janus fell 34 cents Wednesday to $15.
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