Janus Capital Group Reports Q4 EPS of $.36 vs. $.21

Janus Capital Group Inc JNS today reported fourth quarter net income of $65.9 million, or $0.36 per diluted share, compared with net income of $32.5 million, or $0.18 per diluted share, in the third quarter 2010 and net income of $37.0 million, or $0.20 per diluted share, in the fourth quarter 2009. Fourth quarter 2010 includes a $0.02 per share operating benefit as a result of an insurance recovery related to the third quarter 2010 fund administrative errors and a $0.10 per share non-operating benefit from the sale of JCG's structured investment vehicle securities, the reversal of income tax reserves and the cumulative effect of correcting a hedge accounting issue. Third quarter 2010 included a $0.05 per share operating charge for reimbursements to certain Janus mutual funds for two significant fund administrative errors and a $0.05 per share non-operating benefit for the reversal of income tax reserves.