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What's Going On With KKR Shares Wednesday?
KKR & Co. Inc. (NYSE:KKR) shares are trading higher after it reported first-quarter FY24 results.
Asset management segment revenues of $1.393 billion missed the consensus of $1.497 billion.
The private equity company reported after-tax adjusted distributable EPS of $0.97, which beat the consensus of $0.96.
In the Insurance segment, net investment income rose to $1.49 billion from $1.27 billion in the prior year, reflecting higher yields and growth in the investment portfolio.
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