Oaktree Capital Group (OAK) Misses Q4 EPS by 14c, Revenue Beats
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Oaktree Announces Fourth Quarter and Full-Year 2017 Financial Results
February 6, 2018 8:30 AM ESTAs of December 31, 2017 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) was $13.4 million ($0.21 per unit) and $231.5 million ($3.61) for quarter and full year, respectively, as compared with $59.3 million ($0.94) and $194.7 million ($3.11) for the comparable 2016 periods. Excluding the impact of the Tax Act (defined below), GAAP net income attributable to OCG was $46.6 million ($0.72) and $264.7 million ($4.13) for the quarter and full year, respectively. Adjusted net income was $126.8 million ($0.21 per unit) and $701.1 million ($3.46) for the quarter and full year, respectively, as... More