Carlyle Reports Mixed Q4 Results, Misses Analyst Estimates
WASHINGTON - The Carlyle Group Inc. (CG) announced its fourth-quarter financial results, revealing a net income of $210.9 million, a turnaround from a loss in the same period last year.
On a per-share basis, the company reported earnings of 57 cents. Excluding non-recurring expenses, adjusted earnings amounted to 92 cents per share.
These results fell short of Wall Street expectations. Analysts surveyed by Zacks Investment Research had estimated earnings of $1 per share. Carlyle's revenue for the quarter reached $1.03 billion, while adjusted revenue stood at $948.5 million, also below analysts' forecasts of $1.03 billion.
For the full year, Carlyle posted a net income of $1.02 billion ($2.77 per share), swinging back to profitability. Revenue was recorded at $3.66 billion.
Since the start of the year, Carlyle shares have increased by 2%. Over the past 12 months, the stock has climbed by 13%.