The Carlyle Group L.P. Q1 adjusted earnings Beat Estimates

(RTTNews) - The Carlyle Group L.P. (CG) revealed earnings for first quarter that fell from the same period last year.

The company's bottom line came in at $39.7 million, or $0.30 per share. This compares with $83.0 million, or $0.90 per share, in last year's first quarter.

Excluding items, The Carlyle Group L.P. reported adjusted earnings of $169.0 million or $0.47 per share for the period.

Analysts had expected the company to earn $0.35 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 37.5% to $0.70 billion from $1.12 billion last year.

The Carlyle Group L.P. earnings at a glance:

-Earnings (Q1): $169.0 Mln. vs. $400.1 Mln. last year. -EPS (Q1): $0.47 vs. $1.09 last year. -Analysts Estimate: $0.35 -Revenue (Q1): $0.70 Bln vs. $1.12 Bln last year.