: KKR & Co. swings to a loss and revenue misses target #FinanceUSA #StockMarketNEWS KKR & Co. Inc. shares fell 1.5% in premarket trades after the private equity firm said it lost .8 million, or 12
@stockMarketNEWS 15 Days ago
KKR & Co. swings to a loss and revenue misses target #FinanceUSA #StockMarketNEWS
KKR & Co. Inc. shares fell 1.5% in premarket trades after the private equity firm said it lost .8 million, or 12 cents a share, from a profit of .64 billion, or .68 a share in the year-ago period. Adjusted fee-related earnings rose to 69 cents a share from 41 cents a share. After-tax distributable earnings increased to .10 a share from 75 cents a share. Revenue fell to billion from .56 billion. Analyst expected after-tax distributable earnings of 99 cents a share and revenue of .77 billion, according to FactSet. KKR's assets under management rose 30% to 9 billion. Shares of KKR are down 28.9% compared to a 12.8% drop by the S&P 500 .
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