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Stilwell Financial Misses Estimates by a Penny

Author:

Stilwell Financial

(SV)

, which runs the

Janus

and

Berger

mutual funds, posted fourth-quarter earnings that missed analysts' expectations by a penny.

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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.