Private equity firm KKR's earnings beat forecasts

July 26, 2016 10:47 AM

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NEW YORK Private equity firm KKR & Co LP (KKR.N) on Tuesday reported higher-than-expected earnings as a rebound in investment returns and stabilizing financial markets helped to lift performance.

New York-based KKR said it had earned economic net income of 23 cents a share in the second quarter, down from 88 cents a year earlier but well above analysts' forecasts of 5 cents, according to Thomson Reuters I/B/E/S.

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