Och-Ziff Capital Management (OZM) Misses Q1 EPS by 40c

Och-Ziff Capital Management (NYSE: OZM) reported Q1 EPS of ($0.27), $0.40 worse than the analyst estimate of $0.13. Revenue for the quarter came in at $188.44 million versus the consensus estimate of $176.4 million.

Distributable Earnings loss of $142.5 million, or $0.27 per Adjusted Class A Share, for the 2016 first quarter, which includes a reserve taken for the FCPA investigation in the amount of $200.0 million, or $0.39 per Adjusted Class A Share.

"The global markets have been challenging to date, but this is not the first time we have navigated an environment like this," said Dan Och, Chairman and Chief Executive Officer of Och-Ziff. "Over time, we believe a proven investment process, a diversified platform of products spanning geographies and asset classes and the flexibility to adapt to changing markets will deliver attractive results for investors in our funds and our firm."

For earnings history and earnings-related data on Och-Ziff Capital Management (OZM) click here.

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