Reuters logo
Carlyle first-quarter earnings beat forecasts
April 27, 2016 / 11:42 AM / in 2 years

Carlyle first-quarter earnings beat forecasts

NEW YORK, April 27 (Reuters) - Private equity firm Carlyle Group LP posted better-than-expected first-quarter earnings on Wednesday as gains in its buyout and real estate investments offset losses in other areas including the energy market.

Carlyle earned an economic net income (ENI) of $89 million before taxes, down 68 percent compared with a year earlier but still beating market expectations.

That translated into 18 cents of ENI per share after taxes, compared with analyst forecasts for 12 cents per share.

ENI is a crucial performance measure for U.S. private equity firms as it accounts for unrealized gains or losses in investments.

Known for multi-billion-dollar corporate takeovers that were all the rage before the 2008 global financial crisis, the U.S. private equity industry has had a slow start this year as investor aversion to risk reduced financing for buyouts.

Reporting by Koh Gui Qing Editing by W Simon

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below