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Buyout firm KKR posts lower-than-expected Q4 earnings
February 9, 2017 / 1:03 PM / 10 months ago

Buyout firm KKR posts lower-than-expected Q4 earnings

NEW YORK, Feb 9 (Reuters) - 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 investments. (Reporting by Koh Gui Qing Editing by W Simon)

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