KKR & Co Q2 Distributable Earnings Per Share $0.73 Beats $0.71 Estimate, Total Asset Management Rev $1.23B Beat $1.16B Estimate
Portfolio Pulse from Benzinga Newsdesk
KKR & Co reported Q2 earnings of $0.73 per share, beating the analyst consensus estimate of $0.71 by 2.82%. However, this is a 23.96% decrease from the same period last year. The company also reported quarterly sales of $1.23 billion, beating the estimate of $1.16 billion by 6.12%, but this is a 30.84% decrease from the same period last year.
August 07, 2023 | 10:55 am
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NEUTRAL IMPACT
KKR & Co's Q2 earnings and sales beat estimates but are significantly lower than the same period last year.
While KKR & Co beat estimates for Q2 earnings and sales, the significant decreases from the same period last year could potentially offset any positive impact from beating estimates. This could result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100