Carlyle’s Quarterly Earnings Jump on Strong Investment Performance

  • 📰 WSJ
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

United States Headlines News

United States Latest News,United States Headlines

Carlyle Group reported sharply higher earnings as growth in the value of its private-equity portfolio outpaced the broader market

The firm’s private-equity portfolio appreciated by 12% during the second quarter, besting the roughly 8% gain for the S&P 500. Carlyle’s net accrued performance revenues—a reflection of how its investments are faring and a closely watched gauge of future earnings—hit a record $4 billion during the quarter.

Carlyle’s second-quarter distributable earnings, or the portion of profits that could be returned to shareholders, came in at $395.4 million, or 88 cents a share. That compares with $198.4 million, or 53 cents a share a year earlier. Carlyle and its peers—known for splashy leveraged buyouts but which also engage in all manner of investing activity—

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Gather your family to fast 1xweek and preach that the blood of Jesus has forgiven you but you need to fast so that Christ uses you to anoint with oil and break bread with orphans and widows come donate to confirm this Word that started here in Brazil, Nubank pix30576180300 please

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

YouTube Hits $7B in Ad Revenue, Tops Wall Street ExpectationsYouTube raked in more than $7 billion in ad revenue during Q2 of this year, parent company Alphabet reported in its quarterly earnings on Tuesday.
Source: billboard - 🏆 112. / 63 Read more »

Activision Blizzard CEO admits ‘tone deaf’ response to allegations, ahead of employee walkoutActivision Blizzard CEO Bobby Kotick went into damage-control mode Tuesday, after the company's stock tumbled ahead of an employee walkout amid sexual harassment allegations at the videogame giant. good luck Look those ears devowright $ATVI
Source: MarketWatch - 🏆 3. / 97 Read more »

Simone Biles Pulls Out Of Gymnastics Team Finals In Huge Blow To Gold Medal Hopes For Team USAThe four-time Olympic gold medalist had put in a strong performance in the qualifiers and was expected to lead the U.S. team in the All-Around event. Huge blow? Judging by her trials, US Team's chances at medals got markedly better after she pulled out.
Source: Forbes - 🏆 394. / 53 Read more »

Biden's job approval dips among Californians, but support for his spending agenda is strongBiden's performance rating slips among Californians in the poll, but his overall approval is strong and support for his spending plans is even higher. this is terrible news Please help me with heart and spine surgery 🙏 pleasehelpme pleaseretweet I’d love for the critical assholes to walk in his shoes for a day. $500 says they don’t last 2 hours from the pressure alone.
Source: latimes - 🏆 11. / 82 Read more »

Tesla reports record quarterly earnings, blowing past Wall Street's expectationsIt was far more than double the $438 million it made in the first quarter, and more than 10 times the net income it reported a year ago. And it answered a major criticism of investors who've been bearish on the stock over the strength of Tesla's results. 🚨 Info Token $HXP HEXAGONPay utilutytoken cryptocurrency Giveaways launch Launch Sunday at 10pm CET... Ha, there is a giveaway in progress, enter now, the end is Sunday to coincide with the coin toss. 🚀
Source: CNN - 🏆 4. / 95 Read more »

Spotify Hits 165M Paying Subscribers, But Misses Total User TargetMusic-streaming giant Spotify said on Wednesday that it ended the second quarter with 165 million premium, or paid, subscribers. It had ended the first quarter with 158 million and forecast 162-166…
Source: THR - 🏆 411. / 53 Read more »