Fortress Reports 200 Percent Increase In EPS, Raises Billions

Fortress Investment Group LLC (NYSE:FIG) did more than well in second quarter ending on June 30. The alternative asset manager posted a 196% increase in profits compared to the year ago quarter, beating all analyst estimates. The asset manager reported pre-tax EPS of $0.3 or $148 million which is a huge increase to the $50 million or $0.09/share earnings it reported in Q2 2012. Fortress Investment Group LLC (NYSE:FIG)’s revenue for the quarter was up 12.1% on a y-o-y basis.

Fortress maintains dividend at $0.06

The company maintained its dividend at 6 cents and did not raise it in this quarter, as opposed to the expectations...