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KKR & Co. L.P. Q2 adjusted earnings Beat Estimates

KKR & Co. L.P. (KKR) released a profit for second quarter that declined from the same period last year.

The company's bottom line totaled $514.39 million, or $0.93 per share. This compares with $680.38 million, or $1.24 per share, in last year's second quarter.

Excluding items, KKR & Co. L.P. reported adjusted earnings of $327.28 million or $0.39 per share for the period.

Analysts had expected the company to earn $0.34 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 21.6% to $1.18 billion from $0.97 billion last year.

KKR & Co. L.P. earnings at a glance:

-Earnings (Q2): $327.28 Mln. vs. $404.69 Mln. last year.
-EPS (Q2): $0.39 vs. $0.49 last year.
-Analysts Estimate: $0.34
-Revenue (Q2): $1.18 Bln vs. $0.97 Bln last year.

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