Reuters logo
Buyout firm KKR Q1 earnings beat forecasts
April 27, 2017 / 11:14 AM / 8 months ago

Buyout firm KKR Q1 earnings beat forecasts

NEW YORK, April 27 (Reuters) - Private equity firm KKR & Co LP posted better-than-expected earnings on Thursday as a jump in income on the back of higher investment returns lifted the bottom line.

New York-based KKR said it had earned economic net income of $549.9 million after taxes in the first quarter, compared to a loss of $553 million a year ago. That translated to 65 cents a share. Analysts had forecast earnings of 50 cents a share, according to Thomson Reuters I/B/E/S.

Economic net income is a key metric for U.S. private equity firms that accounts for unrealized gains or losses in investments. (Reporting by Koh Gui Qing; Editing by Chizu Nomiyama)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below