The Carlyle Group (CG) Misses Q3 EPS by 12c
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The Carlyle Group (NASDAQ: CG) reported Q3 EPS of $0.21, $0.12 worse than the analyst estimate of $0.33. Revenue for the quarter came in at $607.3 million versus the consensus estimate of $506.18 million.
Carlyle Co-CEO David M. Rubenstein said, “Carlyle again delivered a strong distribution for our unitholders of $0.50 per common unit for the third quarter. We continue to generate substantial realized proceeds, with $6.6 billion in the third quarter and more than $19 billion over the last twelve months. We are also at the beginning of what should be a significant, multi-year fundraising cycle for the firm due to continued capital deployment and the strong performance of our largest fund families.”
Carlyle Co-CEO William E. Conway, Jr. said, “Many of our most significant funds around the world are performing well. Several of our latest vintage carry funds moved into an accrued carry position during the quarter, and overall Carlyle generated 3% portfolio appreciation across our carry fund platform. We are also very focused on improving the profitability and scalability of our Global Market Strategies segment with the goal of deepening and diversifying our credit platform.”
For earnings history and earnings-related data on The Carlyle Group (CG) click here.
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