Earnings: Janus, FBR, ICE and Fiserv

Fiserv Inc., and IntercontinentalExchange, Inc., today reported increases in third quarter earnings, while Janus Capital Group, Inc., and Friedman, Billings, Ramsey Group, Inc., reported losses.
Fiserv Inc., a Brookfield, Wis.-based technology solutions provider, reported a 5% increase in profit to $1.17 billion for the third quarter, compared to $1.12 billion last quarter.
The company’s total earnings per share for the third quarter were 73 cents, a 20% increase from 60 cents the same time last year.
Fiserv’s internal revenue growth rate for the quarter was 3%; the company says it was negatively impacted by pressures in the U.S. mortgage market.
Its unaudited assets under management were $6.27 billion, compared to $6.25 billion last year.
IntercontinentalExchange, an Atlanta-based energy and commodity exchange operator, reported an almost 53% increase in third-quarter revenue to $66.7 million, compared to $43.6 million last year.
The company’s earnings per share were 93 cents in the third quarter, up 27% from last year’s 73 cents.
ICE said its revenue growth was driven by record volumes at ICE Futures Europe and is global over-the-counter business segment, as well as growth in its market data business segment.
ICE reported $2.68 billion in assets under management.
Janus, a Denver-based investment manager, reported marginally lower third-quarter earnings of $50.8 million, 29 cents per share, compared to $51.6 million, 28 cents per share, last quarter.
The company plans to sell its printing business, Rapid Solutions Group, thus incurring a 21 cent per share after-tax impairment charge.
Janus’ total increased 2.8% to $193.5 billion for the third quarter, compared to $188.2 increase billion last quarter.
An $8.6 billion in market appreciation and fund performance, $700 million in long-term net inflows, and $8.1 billion in money market net inflows contributed to the positive asset performance, the company said.
Friedman, Billings, Ramsey, a Washington, D.C.-based financial services firm, reported a $214.7 million, $1.28 per share, loss in the third quarter, which the company attributes to economic exposure to its securitized, non-recourse mortgage loan portfolio.
In the third quarter 2006, the company reported a loss of $67.4 million, or 39 cents per share.
FBR Group’s revenue was for the quarter was down 24% to $62.3 million, compared to $82.4 million last year at this time.
It reported $2.7 billion in assets under management.