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The Carlyle Group reports $7.7 million loss in third quarter
Washington-based Carlyle Group posted a $7.7 million loss in Q3 but beat Wall Street expectations on adjusted earnings.
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The Carlyle Group Inc., headquartered in Washington, reported a loss of $7.7 million in its third quarter, according to WTOP.
On a per-share basis, the company recorded a loss of 2 cents. However, when adjusted for non-recurring costs, earnings were $1.12 per share, exceeding Wall Street expectations.
The average estimate from analysts surveyed by Zacks Investment Research was lower than the adjusted earnings reported by Carlyle.
This financial update reflects the company's recent performance in the investment sector, with adjusted earnings indicating a stronger position than the raw loss suggests.
Sources
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