KKR & Co. (KKR) Tops Q3 EPS Views

KKR & Co. (NYSE: KKR) reported Q3 EPS of $0.71, $0.16 better than the analyst estimate of $0.55. Revenue for the quarter came in at $687.06 million versus the consensus estimate of $270.04 million.

Highlights:

• Strong investment performance resulted in After-tax Economic Net Income of $598 million for the third quarter of 2016
• Private Markets monetization activity was the primary driver of After-tax Distributable Earnings of $461 million or $0.57 per adjusted unit eligible for distribution for the third quarter 2016
• Assets Under Management were $131 billion as of September 30, 2016, up 17% compared to September 30, 2015 as organic new capital raised exceeded $28 billion over the past twelve months
• Book value was $9.6 billion as of September 30, 2016, or $11.95 per outstanding adjusted unit
• Our regular distribution per common unit of $0.16 was declared

For earnings history and earnings-related data on KKR & Co. (KKR) click here.

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