InvestorsHub Logo

fuzzy

07/28/16 8:27 AM

#581877 RE: SkeBallLarry #581876

Fortress Investment beats by $0.08, misses on revs (FIG) :
•Reports Q2 (Jun) earnings of $0.26 per share, $0.08 better than the Capital IQ Consensus of $0.18; revenues fell 24.6% year/year to $232.71 mln vs the $235.83 mln Capital IQ Consensus.
•As of June 30, 2016, AUM totaled $70.2 billion, down slightly from $70.6 billion as of March 31, 2016. Notably, approximately 87% of alternative AUM was in funds with long-term investment structures as of June 30, 2016.