Navigate this market better. Subscribe for FREE stock alerts and information.

Wednesday, February 19, 2014

Carlyle's fourth-quarter earnings more than triple, (NYSE: BX), (NASDAQ: CG), (NYSE: COL)

Private equity firm Carlyle Group LP said on Wednesday its fourth-quarter earnings rose by 216 percent to a record as the value of its funds jumped and profits generated from the sales of assets soared, beating most analysts' forecasts.Buoyant capital markets not only boosted the value of the companies held by Carlyle's funds but also allowed the Washington, D.C.-based firm to cash out on more of its investments and return money to its investors.The value of Carlyle's private equity funds rose by 9 percent in the fourth quarter. Peer Blackstone Group LP reported an 11.5 percent rise in the same quarter, Apollo Global Management reported a 9 percent rise and KKR & Co LP reported an 8.4 percent rise.Assets sales in the quarter included Carlyle's $1.39 billion sale of aerospace communications company Arinc Inc to Rockwell Collins Inc and the sale of human resources software company Personal & Informatik AG to private equity firm HgCapital.

The Blackstone Group L.P. (Blackstone) is a manager of private capital and provider of financial advisory services. Shares of BX fell by 0.03% or $-0.01/share to $31.47. In the past year, the shares have traded as low as $18.14 and as high as $33.41. On average, 4610840 shares of BX exchange hands on a given day and today's volume is recorded at 175162.

Shares of CG traded higher by 4.75% or $1.686/share to $37.15. In the past year, the shares have traded as low as $23.85 and as high as $38.13. On average, 379626 shares of CG exchange hands on a given day and today's volume is recorded at 51343.

Rockwell Collins, Inc. (Rockwell Collins) is engaged in design, production and support of communications and aviation electronics for commercial and military customers worldwide. Shares of COL traded higher by 0.7% or $0.55/share to $79.30. In the past year, the shares have traded as low as $57.75 and as high as $79.59. On average, 827382 shares of COL exchange hands on a given day and today's volume is recorded at 70113.



Source