Private equity firm KKR & Co (KKR.N) reported lower second-quarter earnings as the increase in the value of its investments declined from a year earlier. Economic net income (ENI), a measure used by private equity firms to report earnings, was $315 million, down 27 percent from $433 million a year earlier. ENI after tax per adjusted unit was 36 cents, down from 48 cents. KKR said the fair value of its investments rose, but the level of appreciation was lower than in the comparable period of 2010.
(function(){function a(c){this. Shares of KKR remained unchanged at $14.14. 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 6200.
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