Carlyle (CG) Stock Falls 7.5% as Q2 Earnings Miss Estimates
Carlyle(CG) ZACKS·2024-08-06 23:31
The Carlyle Group Inc. (CG) reported second-quarter 2024 post-tax distributable earnings per share of 78 cents, which missed the Zacks Consensus Estimate of 84 cents. The bottom line compared unfavorably with 88 cents reported in the year-ago quarter. Results were affected due to a decrease in segment fee and realized performance revenues. However, a rise in assets under management (AUM) balance and lower expenses offered some support. The company's shares lost 7.5% following the release of its second-quart ...