Private equity firm KKR & Co (KKR.N) reported lower-than-expected second-quarter earnings on Wednesday as investment income declined and the value of its investments rose less than the previous year, sending its shares lower. However, KKR, which has investments in companies including retailer Dollar General (DG.N), hospital operator HCA (HCA.N) and media ratings company Nielsen (NLSN.N), said its private equity funds rose 4 percent in the quarter and 10 percent for the year to date. KKR said while the value of its investments increased in value, it was less of a rise than a year earlier. KKR said the company's fee earnings can be significantly influenced by when deals close, meaning that the numbers they report 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 calls. "Valuations are relatively attractive and the financing markets are open for our companies."
(function(){function a(c){this. Shares of KKR fell by 5.16% or $-0.73/share to $13.41. 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 3802447.
Dollar General Corporation is a discount retailer. Shares of DG traded higher by 0.59% or $0.18/share to $30.70. 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 758554.
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 4.1% or $-1.01/share to $23.63. 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 3240391.
Nielsen Holdings N.V. is a global information and measurement company. Shares of NLSN fell by 1.59% or $-0.46/share to $28.54. 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 193735.
