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Carlyle: 43% Decline in Q3 Earnings | Deep-Dive

Private equity firm Carlyle Group Inc reported a decline in third-quarter distributable earnings, but the drop was smaller than expected.

Carlyle Group CEO Harvey Schwartz, formerly the COO at Goldman Sachs. Photo: Getty Images
Carlyle Group CEO Harvey Schwartz, formerly the COO at Goldman Sachs. Photo: Getty Images

Distributable earnings, which are used to pay dividends to shareholders, fell to $367.4 million, down from $644.4 million the previous year.

The after-tax-distributable earnings of 87 cents surpassed the average analyst estimate of 72 cents.

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