Oaktree Capital Group (OAK) Tops Q4 EPS by 34c
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Oaktree Announces Fourth Quarter and Full-Year 2016 Financial Results
February 7, 2017 8:30 AM ESTAs of December 31, 2016, or for the quarter and year then ended, and where applicable, per Class A unit:
GAAP net income attributable to Oaktree Capital Group, LLC (OCG) increased to $59.3 million ($0.94 per unit) and $194.7 million ($3.11 per unit) for the quarter and full year, respectively, from $11.4 million ($0.21 per unit) and $71.3 million ($1.45 per unit) for the comparable 2015 periods. Adjusted net income increased to $172.8 million ($0.91 per unit) and $582.6 million ($3.11 per unit) for the quarter and full year, respectively, from $49.6 million ($0.26 per unit) and $311.9 million ($1.62 per unit) for the comparable 2015 periods, driven by... More