Carlyle Group Q3 Profit Surges

(RTTNews) - Carlyle Group L.P. (CG) reported that its third-quarter net income attributable to common Unitholders rose to $68 million, or $0.55 per unit from $12 million, or $0.10 per unit last year.

Total revenues grew to $768.6 million from $679.1 million in the previous year.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.40 per share and revenues of $517.73 million. Analysts' estimates typically exclude special items.

The Board of Directors has declared a quarterly distribution of $0.31 per common unit to holders of record at the close of business on November 12, 2019, payable on November 19, 2019.