The Carlyle Group (CG) Misses Q3 EPS by 26c

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Go back to The Carlyle Group (CG) Misses Q3 EPS by 26c

Carlyle misses earnings forecasts on sluggish private equity portfolio

October 31, 2018 6:33 AM EDT

By Joshua Franklin

NEW YORK (Reuters) - Carlyle Group LP (NASDAQ: CG) on Wednesday missed estimates for earnings per unit for the third quarter, as the value of its private equity investments rose less than that of rivals on the back of turbulent markets in Asia.

Carlyle, which owns assets such as British premium car service Addison Lee and U.S. entertainment services provider Apex Parks Group, said quarterly economic net income per unit came in at 25 cents. That missed analysts' expectations for 51 cents, according to Refinitiv data, and compared with 56 cents a year... More