Buyout firm Carlyle Group Inc reported on Thursday a smaller-than-expected 6per cent drop in third quarter distributable earnings as growth in its private equity and credit businesses partly offset a decline in asset sales from its real estate and energy divisions.
Carlyle said distributable earnings - the cash available for paying dividends - fell to US$151.8 million from US$160.7 million a year earlier. This translated to DE per share of 40 cents, which surpassed the Wall Street consensus average of 36 cents, according to data from Refinitiv.The Washington, D.C.-based firm said its overall fund portfolio rose by 5per cent during the quarter, driven by private equity funds, which climbed 5per cent, while credit funds appreciated by 4per cent.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Caterpillar reports 54per cent drop in quarterly earningsCaterpillar Inc on Tuesday reported lower third-quarter earnings as equipment sales fell across all three primary segments.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Blackstone third-quarter earnings rise on strong asset salesBlackstone Group LP said on Wednesday third-quarter distributable earnings rose 9per cent year-on-year, as the world's largest manager of ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Blackstone third-quarter earnings up on strong asset salesBlackstone Group LP said on Wednesday its third-quarter distributable earnings rose 9per cent year-on-year, as the world's largest manager of ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Samsung Electronics sees profit decline on weaker chip demand after strong third-quarter earningsSamsung Electronics Co Ltd said on Thursday it expects profits to fall in the current quarter after posting its highest operating profit in two ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Samsung Electronics sees profit decline on weak chip demand after strong third-quarter earningsSamsung Electronics Co Ltd said on Thursday it expects fourth-quarter profit to fall due to weak server chip demand and rising smartphone ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Samsung Elec sees profit decline on weak server chip demand after strong third-quarter earningsSamsung Electronics Co Ltd said on Thursday it expects profits to fall in the current quarter after posting its highest operating profit in two ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »