08:49 AM EDT, 05/08/2024 (MT Newswires) -- TPG (TPG) reported a Q1 net loss Wednesday of $0.11 per diluted share, wider than a loss of $0.01 a year earlier.

An analyst polled by Capital IQ expected earnings of $0.43 per share.

Fee-related revenue for the quarter ended March 31 was $451.2 million, up from $265.5 million a year earlier. Analysts surveyed by Capital IQ expected $444.1 million.

The company said it lowered its quarterly dividend to $0.41 per Class A share, payable June 3 to shareholders of record as of May 20.