Home / Business and Economy / KKR Earnings Soar on Asset Sale Success
KKR Earnings Soar on Asset Sale Success
5 May
Summary
- KKR & Co. reported first-quarter results exceeding Wall Street expectations.
- Adjusted net income increased 21% year-over-year to $1.2 billion.
- Shareholders received more proceeds from asset sales and dealmaking activities.
KKR & Co. has announced first-quarter financial results that have exceeded expectations on Wall Street.
The New York-based company reported that its adjusted net income climbed 21% from the same period last year, reaching $1.2 billion, or $1.39 per share.
This positive outcome is attributed to the firm's success in generating greater proceeds from asset sales and its dealmaking operations, ultimately benefiting shareholders.
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