NEW YORK Feb 9 Private equity firm KKR & Co LP
reported lower-than-expected earnings on Thursday as losses in
privately held investments that have yet to be realized dragged
on overall performance.
New York-based KKR said it had earned economic net income of
$339.2 million after taxes in the fourth quarter. That
translated to 40 cents a share compared with analysts' forecasts
of 43 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
(Reporting by Koh Gui Qing Editing by W Simon)