|Janus Capital Stock Rating Report (JNS) Rating and Financial Analysis|
DENVER ( TheStreet) -- Shares of Janus Capital ( JNS) jumped nearly 13% in Thursday morning trading after the company announced quarterly results that beat earnings estimates. Net income for the second quarter rose 91% to $30.2 million or 17 cents per share, from $15.8 million in June 2009. Revenue rose 25% to $249.3 million. Analysts were expecting 14 cents a share on revenues of $244 million. Average assets under management increased 26% to $160.2 million from a year ago, but declined from the March quarter on account of outflows totaling $1.8 billion and market declines. Other asset managers including Franklin Resources ( BEN), Legg Mason ( LM) and T.Rowe Price ( TROW) also were gaining smartly on Thursday morning. Janus shares have retreated slightly in afternoon trading, but are still up more than 9% at about $10.40 a share.
-- Reported by Shanthi Venkataraman in New York. Follow TheStreet.com on Twitter and become a fan on Facebook.