UPDATE: Carlyle Group Q4 Profit Down 41%
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.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.