Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

KKR Financial Holdings Q1 Profit Falls

KKR Financial Holdings LLC (KFN: Quote) reported first-quarter net income of $88.0 million or $0.48 per share, down from $93.8 million or $0.51 per share last year.

Net investment income for the quarter decreased to $37.9 million from $79.5 million a year ago, mainly due to an increase in provision for loan losses and interest expense.

Provision for loan losses for the latest quarter increased to $46.5 million from $11.7 million last year.

Total other income for the quarter increased to $78.9 million from $46.4 million in the year-ago quarter.

Click here to receive FREE breaking news email alerts for KKR Financial Corp. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Stocks moved sharply higher over the course of the trading day on Tuesday, extending the recovery from the sell-off seen in recent weeks. The Nasdaq and the S&P 500 closed higher for the fourth consecutive session but remain well off their mid-September highs. Despite indications that the spread of Ebola inside the U.S. has been contained, the results of a new Gallup poll show the deadly disease had made its debut on a list of the top 10 most important problems facing the country. In another hotly contested Senate race, the results of a new Suffolk University/Boston Herald poll show incumbent Sen. Jeanne Shaheen, D-N.H., clinging to a narrow lead over Republican challenger Scott Brown.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.