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Is the Storm Over at Janus?
By Nathan Slaughter
April 20, 2005

Mutual fund manager Janus Capital Group (NYSE: JNS) reported a sharp turnaround in first-quarter earnings this morning, but investors greeted the news with a yawn. With the help of a steep $74 million drop in operating expenses, net income for the Denver-based money manager swung to a $19.6 million gain from a $22.1 million loss in the same period last year. The gain still missed analysts' targets, though, and excluding one-time items, adjusted earnings actually fell 39% to $0.11 per share. Revenues were also weak, dropping nearly 14% to $216 million...
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