Private equity firm KKR & Co (KKR.N) reported lower-than-expected second-quarter earnings as investment income declined and gains in the value of its investments slowed, sending its shares down 7 percent. KKR, which has investments in companies including retailer Dollar General (DG.N), hospital operator HCA (HCA.N) and media ratings company Nielsen (NLSN.N), also reported on Wednesday that its private equity funds rose 4 percent in the quarter and 10 percent for the year to date. While the value of its investments increased, the rise was smaller than in the year-earlier quarter. KKR said its fee earnings can be significantly influenced by when deals close, meaning the numbers it reports on a quarterly basis can be "lumpy." "In private equity, we continue to be very active on a global basis," said Scott Nuttall, a partner and director at KKR who leads the company's earnings conference calls. "Valuations are relatively attractive and the financing markets are open for our companies."
(function(){function a(c){this. Shares of KKR fell by 6.9% or $-0.975/share to $13.16. In the past year, the shares have traded as low as $9.30 and as high as $19.16. On average, 1908990 shares of KKR exchange hands on a given day and today's volume is recorded at 4740884.
Dollar General Corporation is a discount retailer. Shares of DG traded higher by 1.11% or $0.34/share to $30.86. In the past year, the shares have traded as low as $26.64 and as high as $35.09. On average, 1445330 shares of DG exchange hands on a given day and today's volume is recorded at 1134804.
HCA Holdings, Inc (HCA), is a non-governmental hospital operator in the United States and an integrated provider of health care and related services. Shares of HCA fell by 0.37% or $-0.09/share to $24.55. In the past year, the shares have traded as low as $23.53 and as high as $35.37. On average, 3097790 shares of HCA exchange hands on a given day and today's volume is recorded at 7287434.
Nielsen Holdings N.V. is a global information and measurement company. Shares of NLSN traded higher by 0.16% or $0.045/share to $29.04. In the past year, the shares have traded as low as $24.75 and as high as $33.00. On average, 686855 shares of NLSN exchange hands on a given day and today's volume is recorded at 325123.
