KKR Third-Quarter Profit Tops Estimates on Sales, First Data

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  • Payment processor rose 19% in quarter, fueling gains for KKR
  • Firm sold Alliance Tire, stakes in Walgreens and Zimmer Biomet

KKR & Co. reported third-quarter profit that exceeded analysts’ expectations, fueled by gains in its biggest public holding, the payment processor First Data Corp., and the sales of stakes in other portfolio companies.

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