The Carlyle Group Misses Earnings Estimates

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The Carlyle Group Misses Earnings Estimates
By The Carlyle Group (annual report),User:Fairlyoddparents1234 (uploaded result) [Public domain], via Wikimedia Commons

The Carlyle Group LP (NASDAQ:CG) released its earnings results before opening bell this morning, posting adjusted earnings of 85 cents per share on $852 million in revenue. Analysts had been expecting earnings per share of $1.04 on revenue of $858.1 million. Diluted earnings per share on a GAAP basis were 41 cents. Distributable earnings were 52 cents per share.

Details on The Carlyle Group’s report

The firm reported $183 million in pretax distributable earnings and $852 million in the last 12 months. Post tax, this was 52 cents per common shares. The Carlyle Group LP (NASDAQ:CG) reported a $2 billion balance of net accrued performance, a 36% year over year increase, or $6.16 per adjusted unit. Gross accrued performance fee balance was $3.8 billion.

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