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News  ›  Benzinga

Carlyle Group Shares Fall As Buyout Fund Declines Drag Q3 Results.

Benzinga Logo Benzinga By Lekha Gupta
Carlyle Group Shares Fall As Buyout Fund Declines Drag Q3 Results.

Carlyle Group reported Q3 financial results with missed earnings expectations, declining performance revenues, and reduced investment fund values, leading to a stock price drop.

Insights
CG   negative

Missed earnings consensus ($0.96 vs $1.01), revenues below expectations, 8% quarter-over-quarter decline in net accrued performance revenues, and stock price dropped by over 7%