7:28 am Fortress Investment beats by $0.09, beats on revs (FIG) : Reports Q2 (Jun) earnings of $0.39 per share, $0.09 better than the Capital IQ Consensus Estimate of $0.30; revenues rose 91.5% year/year to $427 mln vs the $217.24 mln consensus.
"Fortress had a terrific second quarter, marked by our second highest distributable earnings since going public, record assets under management, and our largest ever quarterly distribution to shareholders.. Our results reflect the significant impact that Private Equity realizations can have on our earnings and distributions, and we expect realizations activity to continue to trend up in the coming years."
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