KKR Fourth-Quarter Profit Rises 53% on Fees, Below Estimates

  • Results of 8 cents a share below analyst average of 26 cents
  • Firm says it's repurchased $270 million of stock since October

KKR & Co. said fourth-quarter profit rose 53 percent as the private equity firm’s portfolio appreciated at a faster pace than a year earlier and it earned more in fees. The results missed analysts’ expectations.

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