Why Investment Firm KKR's Stock Is Surging Today
Portfolio Pulse from Lekha Gupta
KKR & Co Inc reported Q3 FY23 asset management segment revenues of $1.46 billion, beating the consensus of $1.418 billion. The company's after-tax adjusted distributable EPS was $0.88, down 7% Y/Y, but beat the consensus of $0.82. Assets under management rose 6% Y/Y to $528 billion. KKR declared a dividend per share of $0.165. KKR shares are trading higher by 5.81% at $62.83.
November 07, 2023 | 3:46 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
KKR's Q3 FY23 results beat expectations, with increased revenues and assets under management. Despite a drop in EPS, it still beat consensus. The company also declared a dividend, and its shares are trading higher.
KKR's better-than-expected Q3 FY23 results, increased assets under management, and declared dividend are positive news for the company, which is likely to have a positive impact on its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100