Carlyle Group Q4 Profit Falls - Quick Facts

(RTTNews) - Global alternative asset manager The Carlyle Group L.P. (CG) reported that its net income attributable to the company for the fourth quarter ended December 31, 2014 fell to $16.3 million from the prior year's $71.3 million, with earnings per unit decreasing to $0.23 from $1.17 last year.

Economic net income, after taxes per adjusted unit dropped to $0.56 from $1.64 in the prior year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.44 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues for the quarter dropped to $839.1 million from $1.64 billion in the previous year. Wall Street expected revenues of $599.57 million for the quarter.

The Board of Directors has declared a quarterly distribution of $1.61 per common unit to holders of record at the close of business on February 23, 2015, payable on March 6, 2015.