Why Investment Firm KKR's Stock Is Higher Today
Portfolio Pulse from Lekha Gupta
KKR & Co Inc (NYSE:KKR) shares rose after reporting Q4 FY23 results, surpassing consensus estimates in asset management segment revenues and adjusted EPS. The firm saw increases in net investment income, fee-related earnings, and assets under management. KKR also announced a dividend increase and has strategic collaborations and IPO plans.
February 06, 2024 | 2:28 pm
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POSITIVE IMPACT
KKR & Co Inc reported strong Q4 FY23 results, with increases in revenues, EPS, and assets under management, leading to a positive stock price movement.
KKR's positive earnings report, surpassing consensus estimates in key financial metrics, directly impacts investor sentiment and stock price. The announcement of a dividend increase further supports a positive outlook, making it likely that the stock price will continue to rise in the short term.
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