Oaktree Capital Group (OAK) Tops Q2 EPS by 12c
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Oaktree Announces Second Quarter 2018 Financial Results
July 26, 2018 8:30 AM EDTAs of June 30, 2018 or for the quarter then ended, and where applicable, per Class A unit:
GAAP net income attributable to Oaktree Capital Group, LLC (OCG) was $31.1 million ($0.44 per unit), down from $117.3 million ($1.83) for the second quarter of 2017, primarily driven by lower incentive income relative to the second quarter of 2017s record amount. Adjusted net income was $91.5 million ($0.51 per unit), down from $281.7 million ($1.73) for the second quarter of 2017, primarily driven by lower incentive income. Distributable earnings were $114.3 million ($0.69 per unit), down from $289.3 million ($1.65) for the second quarter of 2017,... More