UPDATE: Carlyle Group Q4 Profit Down 41%

Carlyle Group LP

reported a 41% drop in its fourth-quarter earnings. Carlyle posted a quarterly profit of $12 million, or $0.25 per unit, down from $20.3 million, or $0.41 per unit, in the year-ago period. Its economic net income declined 28% to $182 million. Its revenue dropped 9.2% to $755.3 million. Carlyle shares closed at $36.67 yesterday.