Carlyle falls as volatile markets keep Q1 earnings below estimates

CG Power and Industrial Solutions

28/04/2022 19:21

** Shares of buyout firm  CG.O  down 1.43% at ~$38 in
afternoon trade after Q1 earnings miss estimates 
    ** Co posted a 41% rise in distributable earnings, the cash
used to pay dividends, but market volatility kept the figure
lower than analysts had expected  urn:newsml:reuters.com:*:nL2N2WQ1DH
    ** Distributable earnings rose to 74 cents/share but fell
short of estimates of $1.01/share, as per Refinitiv data 
    ** CG's private equity portfolio rose by 7% while real
estate funds grew by 10%
    ** Assets under management rose 8% to $325 billion 
    ** YTD, CG down 30.75% vs a 17.84% slide in the Nasdaq
composite  .IXIC  

 (Reporting by Sohini Podder in Bengaluru)
 ((sohini.podder@thomsonreuters.com))