Carlyle Group Q1 Profit Down - Quick Facts

(RTTNews) - Global alternative asset manager The Carlyle Group L.P. (CG) posted decline in first-quarter net income attributable to the company to $24.6 million from the previous year's $33.8 million, with net income per unit decreasing to $0.41 from $0.66 last year.

The company reported 6% carry fund portfolio appreciation in the latest-quarter, driving economic net income of $322 million on a pre-tax basis and $0.85 per adjusted unit on a post-tax basis.

Analysts polled by Thomson Reuters expected the company to report earnings of $1.01 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues for the quarter grew to $1.147 billion from $1.145 billion in the year ago quarter. Total segment revenues rose to $896.5 million from $852.1 million in the prior year quarter. Wall Street expected revenues of $858.07 million.

The Board of Directors has declared a quarterly distribution of $0.16 per common unit to holders of record at the close of business on May 14, 2014, payable on May 22, 2014.