TPG Breaks Even in Q1, Revenue Rises; Dividend Cut

MT Newswires Live

05-07

TPG (TPG) reported Wednesday that it broke even in Q1, compared with a net loss of $0.11 per diluted share a year earlier.

Three analysts polled by FactSet expected earnings per share of $0.49.

Revenue for the quarter ended March 31 was $1.03 billion, up from $824.1 million a year earlier.

The company cut its quarterly dividend to $0.41 per share from $0.53, payable on June 2 to shareholders of record as of May 19.

The company's shares rose 5% in premarket activity Wednesday.

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