Carlyle Group Q3 Profit Falls - Quick Facts

(RTTNews) - Global alternative asset manager the Carlyle Group LP (CG) reported that its third-quarter of 2013 net income attributable to the company was $2.3 million or $0.04 per unit, down from $18.6 million or $0.40 per unit in the same quarter last year.

Economic net income was $194.5 million, down from $218.5 million last year. Distributable earnings for the quarter declined to $104.7 million from $206.9 million in the prior year.

On a post-tax basis, Carlyle generated $0.51 in Economic Net income per adjusted unit for the latest-quarter.

Pre-tax Distributable Earnings were $105 million for third-quarter 2013, and $0.32 per common unit on a post-tax basis.

Total revenues for the quarter increased to $888.1 million from the previous year's $858.5 million. Total Segment revenues for the quarter was $614.6 million, up from $583.9 million in the prior year.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.60 per share and revenues of $616.50 million for the quarter. Analysts' estimates typically exclude special items.

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 November 18, 2013, payable on November 27, 2013.