10:40 AM EDT, 05/02/2024 (MT Newswires) -- Janus Henderson Group's ( JHG ) shares were up 1.7% in recent Thursday trading after the company reported better-than-expected Q1 adjusted earnings, but revenue fell short of analyst expectations.

The company reported Q1 adjusted earnings of $0.71 per diluted share, up from $0.55 a year earlier.

Analysts polled by Capital IQ expected $0.62.

Revenue for the quarter ended March 31 was $551.7 million, compared with $495.8 million a year earlier.

Four analysts surveyed by Capital IQ estimated $556.1 million.

Janus Henderson ( JHG ) kept its quarterly dividend at $0.39 per share, payable on May 29 to shareholders of record as of May 13.

The company said its board approved a new on-market share buyback program allowing the company to buy back up to $150 million of its common shares. This program can be stopped or changed at any time, but purchases must be completed before JHG's 2025 annual general meeting of shareholders, the company said.

Price: 31.70, Change: +0.54, Percent Change: +1.73