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TPG (NASDAQ:TPG) Posts Earnings Results, Beats Expectations By $0.10 EPS
['Michael Walen']
Markets Daily
The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.10, FiscalAI reports.
TPG Stock PerformanceShares of TPG stock traded down $1.06 during trading on Wednesday, reaching $47.92.
TPG Inc. Q2 Earnings and Revenues Beat EstimatesTPG reported second-quarter earnings of , exceeding the $0.59 analyst consensus, while revenue of surpassed estimates of $596.8 million.
TPG also trades at a very elevated earnings multiple, making the stock more sensitive to concerns about earnings quality, future growth and valuation.
TPG Company Profile(Get Free Report)TPG Inc (NASDAQ: TPG) is a global alternative asset management firm that invests across a range of strategies including private equity, growth equity, real assets, credit and hedge funds.