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](https://krugmaninsights.com/wp-content/uploads/2023/11/06carlyle-ceo-wtzc-superJumbo-1024x682.jpg)
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.