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Carlyle Group LP (NASDAQ: CG) 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.

Posted-In: profitEarnings News

 

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