The Carlyle Group (CG) Tops Q2 EPS by 4c

July 27, 2016 6:32 AM EDT
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The Carlyle Group (NASDAQ: CG) reported Q2 EPS of $0.35, $0.04 better than the analyst estimate of $0.31. Revenue for the quarter came in at $488.1 million versus the consensus estimate of $512.34 million.

Carlyle Co-CEO David M. Rubenstein said, “Carlyle performed well on all metrics in the quarter, with $5.0 billion in gross new fund commitments, 5% appreciation across our carry fund portfolio, $5.3 billion in realized proceeds for our fund investors and a healthy $0.63 per common unit distribution for unitholders. Our firm is well positioned to take advantage of market opportunities wherever and whenever they may arise.”

Carlyle Co-CEO William E. Conway, Jr. said, “Our diverse and experienced investment teams continue to find attractive new opportunities to deploy investor capital, and we have invested $12.7 billion in equity over the last twelve months. While this is a challenging time to invest given low or negative interest rates around the world alongside slowing growth, I am confident our investment teams will continue to find good opportunities.

For earnings history and earnings-related data on The Carlyle Group (CG) click here.

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