Och-Ziff Q4 Earnings
Och-Ziff Beats Analysts Predictions with Q4 2009 Earnings
The firm also reports so-called distributable earnings, which measure profit from the company's main hedge-fund business minus adjusted income taxes. The tax adjustment assumes that all special shares held by management and restricted stock granted to employees were converted to regular Class A shares, one for one. Och-Ziff reckons this figure is a more accurate gauge of the company's performance.
Fourth-quarter distributable earnings were $281.4 million, or 69 cents per adjusted class A share, versus $28.9 million, or 7 cents per adjusted class A share, in the same period a year earlier.
Och-Ziff was expected to make 33 cents a share, according to the average estimate of nine analysts in a Thomson Reuters survey. Source
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