Carlyle Group Q1 Profit Declines - Quick Facts

(RTTNews) - The Carlyle Group L.P. (CG) reported first-quarter net income attributable to unitholders of $8 million, or net income per common unit of $0.01 compared to $39.5 million or $0.54 per unit, prior year. U.S. GAAP results for first-quarter 2016 included income before provision for income taxes of $15 million.

Total revenues decreased year-over-year to $483.1 million from $1.14 billion, a year ago. Analysts expected revenue of $382.60 million, for the quarter.

The Board of Carlyle Group has declared a quarterly distribution of $0.26 per common unit to holders of record at the close of business on May 16, 2016, payable on May 25, 2016.