Content area
Full Text
Oaktree Capital Group LLC on Aug. 7 reported second-quarter net income attributable to the company of $24.7 million, compared to a loss of $20.4 million in the year-ago period.
The year-ago quarter's results included significant noncash compensation expense stemming from the vesting of units held by the company's employees at the time of its private equity offering in May 2007, the company said.
Net income per class A unit in the second quarter was 84 cents, compared to a loss per class A unit of 90 cents in the year-ago period.
The FactSet consensus estimate was 61 cents per unit.
Adjusted net income was $165.5 million, compared...