Stilwell Financial Misses Estimates by a Penny
Yi Ping Ho
01/30/01 - 12:31 PM EST
| Earnings Scorecard |
| Actual | Estimated* | Year-Ago |
| $0.64 | $0.65 | $0.43
|
 |
Stilwell Financial(SV Quote), which runs the
Janus and
Berger mutual funds, posted fourth-quarter earnings that missed analysts' expectations by a penny.
The Kansas City, Mo., company said fourth-quarter earnings, excluding nonrecurring items, rose to $147 million, or 64 cents a share, from $98.5 million, or 43 cents a share, in the year-ago quarter. Analysts on average polled by
First Call/Thomson Financial estimated earnings of 65 cents a share for the quarter.
Revenue was $530.5 million, up from $385.6 million in the same period last year.
Last week, Stilwell said it would purchase 600,000 Janus common shares from Thomas H. Bailey, the chairman, president, CEO and founder of the mutual fund group. Stilwell will own 88.7% of Janus after closing the acquisition.
Shares of Stilwell were lately up 41 cents, or 1%, to $42.50 in trading on the Big Board.
