Published on 29 Oct 2021 on Zacks via Yahoo Finance
Carlyle (CG) Stock Gains 2.2% on Q3 Earnings Beat, AUM Rise
The Carlyle Group Inc. CG shares appreciated 2.2% after reporting third-quarter 2021 post-tax distributable earnings of $1.54 per share, which comfortably surpassed the Zacks Consensus Estimate of $1.04. Also, the bottom line increased from 40 cents in the year-ago quarter.
While a rise in revenues on higher fees and assets under management (AUM) growth supported the results, increased expenses created a headwind.
Net income available to common stockholders (GAAP basis) was $523.8 million or $1.46 per share compared with $295.5 million or 82 cents in the prior-year quarter.