News Formal

Carlyle's second-quarter earnings fall less than expected

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 66%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Carlyle Group Inc reported a smaller-than-expected 7per cent on-year drop in second-quarter distributable earnings on Thursday, as profits in its ...

Carlyle Group Inc reported a smaller-than-expected 7per cent on-year drop in second-quarter distributable earnings on Thursday, as profits in its private equity and credit divisions partly offset declines in real estate and energy businesses.

Carlyle said distributable earnings - the cash available for paying dividends - fell to US$198.4 million from US$213.4 million a year earlier. This translated to DE per share of 53 cents, which significantly surpassed the Wall Street consensus average of 36 cents, according to data from Refinitiv.Like other private equity firms, Carlyle saw a rebound in the value of many of its funds, as U.S.

By comparison, Blackstone said its private equity portfolio grew 12.8per cent in the second quarter, with opportunistic and core real estate funds rising by 1.6per cent and 3per cent, respectively.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 6. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

CME second quarter earnings fall as hedging demand slowsCME Group , the world's biggest futures exchange operator, on Wednesday reported lower second-quarter profits as fiscal and monetary steps taken ...
Källa: ChannelNewsAsia - 🏆 6. / 66 Läs mer »