Janus Henderson Group Plc (JHG) reported a significant increase in profit for the fourth quarter, surpassing street estimates. The company's earnings rose to $121.3 million or $0.74 per share, a substantial jump from the previous year's fourth quarter results of $65 million or $0.39 per share.
After accounting for certain items, the company posted adjusted earnings of $135.2 million or $0.82 per share for the period. On average, analysts had projected the company's earnings to be around $0.54 per share, as compiled by Thomson Reuters. These estimates usually exclude any special items.
The company also saw a substantial growth in revenue for the quarter, with figures rising by 10.3% to $568.5 million from $515.2 million in the previous year. In summary, on the basis of GAAP (Generally Accepted Accounting Principles), Janus Henderson Group Plc's earnings for the fourth quarter were $121.3 million compared with $65 million the previous year. The EPS (earnings per share) was $0.74 against $0.39 in the same quarter the previous year. The projected analyst estimate was $0.54. Total revenue rose to $568.5 million from $515.2 million during the same period last year.
