Over the three months to March, the company generated $230.2 million in revenue, a 7.5% year-over-year increase. Analysts surveyed by Thomson Reuters had expected $226.7 million.
Net income of 16 cents a share was as analysts had forecast.
By early afternoon, shares had added 6% to $12.19.
Must Read: Why Omnicom (OMC) Stock Is Down Today
TheStreet Ratings team rates JANUS CAPITAL GROUP INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate JANUS CAPITAL GROUP INC (JNS) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, reasonable valuation levels, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins."
- You can view the full analysis from the report here: JNS Ratings Report