Q: Do you have any comments on company's reported results?
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5i Research Answer:
EPS of $1.36 missed estimates of $1.44; revenue was $12.04B. Book value $36.31 vs $35.56 in the prior period. NAV per share $85.77 vs $60.44. The dividend was raised 9%. Earnings rose 4.6%. Asset value rose with gains in public operating companies. Not perfect results, but hardly a disaster and growth is still there. The dividend increase of course is a positive sign. Valuation is attractive at 10x earnings after the 13% YTD decline.