Carlyle Group Inc. (CG), a global investment firm, announced on Monday that its net income attributable to shareholders for the second quarter reached $148 million, or $0.40 per share. This represents a significant turnaround from the previous year's loss of $98.4 million, or a loss of $0.27 per share.
The firm's distributable earnings per share were $0.78, compared to $0.88 in the same period last year. Analysts, on average, had anticipated earnings of $0.83 per share, according to data from Thomson Reuters. These analyst estimates generally exclude special items.
Total revenues for the period soared to $1.07 billion, up from $462.1 million the previous year. However, total segment revenues declined to $788.9 million, from $977.9 million a year earlier. Analysts had expected revenues of around $827.47 million.
Additionally, Carlyle's total assets under management increased by 13 percent year-over-year to $435 billion.
The company's Board of Directors has also declared a quarterly dividend of $0.35 per share, payable to shareholders of record at the close of business on August 16, with the payment scheduled for August 26.
In pre-market trading on the Nasdaq, Carlyle shares were down approximately 1.7 percent, trading at $43.49.
