Janus Henderson Group beats by $0.15, misses on revs (34.08)
- Reports Q2 (Jun) earnings of $0.68 per share, $0.15 better than the Capital IQ Consensus of $0.53; revenues rose 49.7% year/year to $384.8 mln vs the $394.97 mln Capital IQ Consensus.
- Assets under management increased to $345 billion, up 4% on a pro forma basis from the first quarter 2017, driven by positive markets and foreign currency translation gains.
- Investment performance was strong and improved notably from the prior quarters to, as at 30 June 2017, 69%, 71% and 89% outperformance of benchmark on a 1-, 3- and 5-year basis, respectively.
31 March 2017 50%, 60% and 82% outperformance of benchmark on a 1-, 3- and 5-year basis, respectively. - Total Group net outflows of $1.0 billion, on a pro forma basis, reflect a $6.0 billion improvement from the first quarter 2017, driven by positive Equity flows and moderation in Quantitative Equity outflows