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What's Going On With KKR Shares Wednesday?

KKR & Co. Inc. (NYSE:KKR) shares are trading higher after it reported first-quarter FY24 results. Asset management segment revenues of $1.393 billion missed the consensus of $1.497 billion. The private equity company reported after-tax adjusted distributable EPS of $0.97, which beat the consensus of $0.96. In the Insurance segment, net investment income rose to $1.49 billion from $1.27 billion in the prior year, reflecting higher yields and growth in the investment portfolio.  Read: SunFireMatrix Goes Supernova: KKR Takes Major Holding In ...