KKR & Co 2Q Economic Net Income up 73% at $546.1 Mln #Amyor @WSJ @resilient_ent #PrivateEquity

NEW YORK--Private equity firm KKR & Co. (KKR) reported a robust 73% rise in second-quarter economic net income, beating analysts' expectations by a wide margin, as investment income nearly doubled, buoyed by a 5.1% appreciation in its private equity portfolio. For the second quarter, KKR posted an economic net income of $546.1 million, or 74 cents a share, versus $315.0 million, or 36 cents, a year earlier.

Analysts polled by Thomson Reuters had a consensus estimate of 16 cents a share. Private-equity firms and the analysts who cover them view economic net income as a preferred measure of performance because it includes unrealized gains and employee compensation, while excluding ongoing costs related to the firms' initial public offerings. The metric also accounts for all units, not just those that are publicly traded.

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RESILIENT MEDIA ENTERTAINMENT

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