Carlyle Group Slips To Loss In Q2; Stock Down In Premarket

(RTTNews) - Global investment firm Carlyle Group Inc. (CG) reported Wednesday that its second-quarter net loss attributable to stockholders was $98 million or $0.27 per share, compared to prior year's profit of $245.4 million or $0.67 per share.

Distributable earnings were $389 million on a pre-tax basis, down from $528.8 million a year ago. Distributable earnings per share were $0.88, compared to $1.17 last year.

Total revenues declined to $462.1 million from last year's $1.05 billion.

On average, analysts polled by Thomson Reuters expected earnings of $0.67 per share on revenues of $797.89 million for the quarter. Analysts' estimates typically exclude special items.

The Board of Directors has declared a quarterly dividend of $0.350 per share to holders of record at the close of business on August 15, payable on August 23.

In pre-market activity on Nasdaq, Carlyle Group shares were trading at $33.00, down 6.91 percent.

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