The Carlyle Group LP (CG) Releases Earnings Results, Beats Expectations By $0.05 EPS

The Carlyle Group LP (CG) reported quarterly earnings results on Wednesday, Jul-27-2016. The company said it had a profit of $0.35 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $0.30. The company posted revenue of $533.00 million in the period, compared to analysts expectations of $501.00 million. The company’s revenue was down -19.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 EPS.

The Carlyle Group LP opened for trading at $16.9 and hit $17.01 on the upside on Thursday, eventually ending the session at $16.96, with a gain of 0.53% or 0.09 points. The heightened volatility saw the trading volume jump to 3,40,157 shares. Company has a market cap of $5,498 M.

In a different news, on May 3, 2016, Pamela L Bentley (Chief Accounting Officer) sold 9,707 shares at $16.74 per share price. According to the SEC, on Feb 3, 2016, Curtis L. Buser (Chief Financial Officer) sold 2,470 shares at $13.38 per share price. On Dec 3, 2015, Anthony Welters (director) purchased 25,000 shares at $17.77 per share price, according to the Form-4 filing with the securities and exchange commission.

The Carlyle Group L.P. is a diversified multi-product global alternative asset management firm. The Company advises on an array of investment funds and other investment vehicles that invests across a range of industries geographies asset classes and investment strategies and seeks to deliver returns for its fund investors. The Company operates in four segments: Private Equity Global Market Strategies Real Assets and Investment Solutions. The Corporate Private Equity segment advises its buyout and growth capital funds. The Global Market Strategies segment advises a group of active funds. The Real Assets segment advises its 28 active carry funds focused on real estate infrastructure and energy and natural resources. The Investment Solutions segment provides investment opportunities and resources for its investors and clients.

The Carlyle Group LP

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