Janus Net Income Declines 33% in the Third Quarter
November 7, 2005
Janus reported net income for the third quarter of 2005 of $31.7 million, a 33% decrease from net income of $47.3 million in the corresponding quarter a year earlier. However, Janus has its first quarter of net inflows, $1.7 billion, since the second quarter of 2003. "This was our best quarter of flows in five years," said Chief Executive Officer Steve Scheid.
(c) 2005 Money Management Executive and SourceMedia, Inc. All Rights Reserved.