Carlyle’s Profit Tied to Deal Exits Dips 12% in Muted Market

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 34 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 63%

Bloomberg Noticias

Harvey Schwartz,Carlyle Group

(Bloomberg) -- Carlyle Group Inc. took home a smaller profit from cashing out of bets in a muted stretch for its buyout dealmakers.Most Read from...

-- Carlyle Group Inc. took home a smaller profit from cashing out of bets in a muted stretch for its buyout dealmakers.Second-quarter distributable earnings – profits available to shareholders – fell 11.7% from a year earlier to $343.2 million, or 78 cents a share, Washington-based Carlyle said Monday in a statement. Analysts polled by Bloomberg predicted 83 cents a share.The decline was driven by the private equity arm collecting lower profits from deal exits.

Credit pocketed 71% more in fee-related earnings, while Carlyle’s investment solutions arm nearly quadrupled those profits. The company took in more inflows and oversaw more assets than Wall Street expected.Schwartz’s focus to cut fat has rippled through the firm. He has asked division heads to scrutinize costs and tie investment professionals’ pay more closely to performance. Margins on fee-related earnings rose to 46% from 34% a year earlier. The firm has set targets of 40% to 50% in 2024.

Kustom Entertainment, Inc. and Clover Leaf Capital Corp. Announce Effectiveness of Registration Statement as Digital Ally Announces Record Date for Distribution

 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 47. in MX

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Morgan Stanley says glum profit view to dent economy-tied stocksA dimmer outlook for U.S. corporate earnings is likely to hurt stocks that are tied to the economy, as investors worry about the impact of falling inflation on pricing power, according to Morgan Stanley’s Michael Wilson.
Fuente: BNNBloomberg - 🏆 83. / 50 Leer más »

Morgan Stanley Says Glum Profit View to Dent Economy-Tied Stocks(Bloomberg) -- A dimmer outlook for US corporate earnings is likely to hurt stocks that are tied to the economy, as investors worry about the impact of...
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »