Carlyle Group Q3 Economic Net Income Rises

(RTTNews) - Carlyle Group L.P. (CG) reported that its third-quarter Economic Net Income, After Taxes for the third quarter ended September 30, 2017 increased to $192.3 million from $69.7 million in the prior year.

Economic Net Income, After Taxes per Adjusted Unit was $0.56 up from $0.21 last year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.51 per share. Analysts' estimates typically exclude special items.

Net income attributable to The Carlyle Group L.P. was $45 million or $0.43 per unit, compared to net income of $1 million and loss $0.02 per unit last year.

Total revenues for the quarter grew to $639.9 million from $607.3 million last year Wall Street expected revenues of $680.37 million.

The Board of Directors has declared a quarterly distribution of $0.56 per common unit to holders of record at the close of business on November 10, 2017, payable on November 16, 2017.