Carlyle: 1Q Earnings Snapshot

Carlyle: 1Q Earnings Snapshot

Associated Press
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WASHINGTON (AP) _ The Carlyle Group LP (CG) on Wednesday reported first-quarter earnings of $142.9 million.

On a per-share basis, the Washington-based company said it had profit of $1.18. Earnings, adjusted for non-recurring gains, came to 25 cents per share.

The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 35 cents per share.

The asset management firm posted revenue of $1.09 billion in the period.

Carlyle shares have climbed 33% since the beginning of the year. The stock has increased 2% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CG at https://www.zacks.com/ap/CG

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