Carlyle Group LP said Wednesday its second-quarter earnings doubled from a year earlier as it continued to sell parts of its private equity portfolio and one of its European takeover funds started paying performance fees.Like its major peers, Carlyle has diversified beyond corporate buyouts into alternative credit, real estate and funds of funds. Yet private equity dominated its income, accounting for 32 percent of assets under management but 65 percent of its earnings in the quarter.Carlyle said economic net income (ENI), an earnings metric that factors in the mark-to-market value of its portfolio, soared to $318 million in the second quarter from $156 million a year earlier, as it took advantage of a stock market rally and buoyant capital markets to exit more of its portfolio companies.That translated to post-tax ENI per adjusted unit of 73 cents versus the 74-cent average forecast of analysts in a Thomson Reuters poll.
Shares of CG traded higher by 0.88% or $0.3/share to $34.39. In the past year, the shares have traded as low as $24.66 and as high as $39.38. On average, 474275 shares of CG exchange hands on a given day and today's volume is recorded at 253083.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 0.46% or $-0.17/share to $36.90. In the past year, the shares have traded as low as $32.87 and as high as $38.73. On average, 754613 shares of TRI exchange hands on a given day and today's volume is recorded at 865226.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 0.12% or $0.05/share to $40.08. In the past year, the shares have traded as low as $34.52 and as high as $42.10. On average, 579625 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 1006196.
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