Earnings: Janus Capital, Franklin Resources

Jan 24, 2008 @ 1:45 pm

By Andrew Coen

Franklin Resources today reported an increase in fourth-quarter earnings, while Janus Capital Group Inc. reported a profit loss.

Franklin Resources reported a 21% increase in profits with a net income of $518.3 million, or $2.12 per share diluted, compared with $426.8 million, or $1.67 per share diluted for the 2006 fourth quarter period.

Operating income at the San Mateo, Calif.-based global investment management organization for the last quarter of 2007 was up 25% from a year ago with $635.7 million reported.

Assets under management from the company’s subsidiaries for the fourth quarter were up 16% at $643.8 million.

Janus Capital Group reported 29% lower earnings for the 2007 fourth quarter at $29.2 million, or $0.36 per diluted share, compared with $37.7 million or $0.19 per share in the same quarter in the year-ago period.

The Denver-based investment manager reported operating income at $90.2 million, a 6% drop from the 2007 third quarter.

Total assets under management at the close of the quarter were up 19% at $206.7 billion.

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