Carlyle Third Quarter Profit Beats Estimates
Carlyle Group reported a third-quarter profit that surpassed analyst expectations driven by a pickup in asset sales and private equity investments. Distributable earnings reached $1.12 per share. Despite the strong results, company shares fell 7% amid a broader market selloff.
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CARLYLE GROUP INC posted third-quarter distributable earnings of $1.12 per share on Thursday, beating analyst expectations of $1 as asset monetizations accelerated. The private equity firm surpassed the $1 consensus estimate amid a pick-up in investment exits and capital returns to investors. The earnings beat highlights how major asset managers are unlocking liquidity despite broader market pressures.
