{"id":11134,"date":"2023-11-08T14:07:46","date_gmt":"2023-11-08T14:07:46","guid":{"rendered":"https:\/\/infundpros.com\/investment\/kkr-posts-lower-3q-asset-management-revenue\/"},"modified":"2023-11-08T14:07:47","modified_gmt":"2023-11-08T14:07:47","slug":"kkr-posts-lower-3q-asset-management-revenue","status":"publish","type":"post","link":"https:\/\/infundpros.com\/?p=11134","title":{"rendered":"KKR Posts Lower 3Q Asset-Management Revenue"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"MW-BT-CO-20231107-706536\" role=\"document\">\n<p>By Will Feuer<\/p>\n<p>KKR posted lower asset-management revenues, but topped analysts&#8217; expectations despite the sluggish market for deals.<\/p>\n<p>The investment firm posted a profit of $1.47 billion, or $1.64 a share, compared with $32.6 million, or 4 cents a share, in the same period last year.<\/p>\n<div class=\"paywall\">\n<p>After-tax distributable earnings, or profit that can be returned to shareholders, fell almost 7% to $779.7 million, or 88 cents a share. Analysts surveyed by FactSet had expected 83 cents a share.<\/p>\n<p>Revenue rose to $3.32 billion. Asset-management revenue slipped to $1.46 billion, topping the $1.43 billion that analysts had expected.<\/p>\n<p>Assets under management rose 6% from a year earlier to $528 billion.<\/p>\n<p>&#8220;We are raising and deploying capital across all our businesses and regions,&#8221; co-Chief Executives Joseph Bae and Scott Nuttall said in a joint statement.<\/p>\n<pre><\/pre>\n<p>Write to Will Feuer at Will.Feuer@wsj.com<\/p>\n<pre><\/pre>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/story\/kkr-posts-lower-3q-asset-management-revenue-3239a4ae?mod=investing\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Will Feuer KKR posted lower asset-management revenues, but topped analysts&#8217; expectations despite the sluggish market for deals. The investment firm posted&#8230;<\/p>\n","protected":false},"author":1,"featured_media":1200,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[],"class_list":{"0":"post-11134","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investment"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>KKR Posts Lower 3Q Asset-Management Revenue | inFundPros<\/title>\n<meta name=\"description\" content=\"By Will Feuer KKR posted lower asset-management revenues, but topped analysts&#039; expectations despite the sluggish market for deals. 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