Carlyle Group LP reported a 68 percent year-on-year drop in fourth-quarter profit, as the appreciation of its portfolio slowed down, yet the decline was smaller than most analysts expected due to strong cash generation from asset sales. The Washington, D.C.-based private equity firm said economic net income (ENI), an earnings metric that factors in the mark-to-market value of its portfolio, was $181 million in the fourth quarter of 2014 versus $562 million in the corresponding period in 2013.This translated into post-tax ENI per share of 56 cents per adjusted unit in the fourth quarter of 2014, ahead of the average analyst forecast of 44 cents in a Thomson Reuters poll.Distributable earnings came in at $311 million in the quarter, down from $400 million a year earlier, as Carlyle continued to cash out on its investments.Carlyle's assets under management were $194.5 billion as of the end of December, down from $202.6 billion as of the end of September.
Shares of CG traded higher by 0.41% or $0.11/share to $27.05. In the past year, the shares have traded as low as $24.42 and as high as $39.38. On average, 494808 shares of CG exchange hands on a given day and today's volume is recorded at 536609.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 0.4% or $-0.16/share to $39.59. In the past year, the shares have traded as low as $33.21 and as high as $41.44. On average, 763260 shares of TRI exchange hands on a given day and today's volume is recorded at 945719.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 0.42% or $0.21/share to $49.76. In the past year, the shares have traded as low as $36.86 and as high as $50.53. On average, 733973 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 554724.
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