TPG Inc. has announced a decline in its fourth-quarter profits compared to the same timeframe last year, missing market expectations.
The reported earnings for the company were $13 million, equating to $0.16 per share. This is a noteworthy decrease from last year's fourth quarter, which recorded earnings of $24 million, or $0.28 per share.
The market had forecasted the company to generate $0.41 per share based on the average analyst estimates as compiled by Thomson Reuters. It is customary for such projections to exclude exceptional items.
When examined closely, TPG Inc.'s performance for the fourth quarter reveals that earnings were $13 million compared with $24 million from the previous year. Earnings per Share was also lower, at $0.16 compared to last year's $0.28. This fell short of the analyst expectations of $0.41.
