KKR Profit Rises 65% to Record in Quarter as Holdings Jump
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KKR & Co., the private equity firm run by Henry Kravis and George Roberts, reported record second-quarter profit as its holdings jumped in value. The results surpassed all analysts’ estimates.
Economic net income, which includes unrealized gains, rose 65 percent to $747 million, or 88 cents a share, from $454 million, or 57 cents, a year earlier, New York-based KKR said in a statement Thursday. Analysts expected per-share results of 61 cents, according to the average of 14 estimates in a Bloomberg survey, including the highest forecast of 72 cents.