The Carlyle Group L.P. Q3 Profit Climbs, Beats Estimates

(RTTNews) - The Carlyle Group L.P. (CG) released earnings for its third quarter that increased from the same period last year and beat the Street estimates.

The company's bottom line came in at $595.7 million, or $1.63 per share. This compares with $81.3 million, or $0.22 per share, in last year's third quarter.

Analysts on average had expected the company to earn $0.89 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 267.7% to $2.635 billion from $716.6 million last year.

The Carlyle Group L.P. earnings at a glance (GAAP) :

-Earnings (Q3): $595.7 Mln. vs. $81.3 Mln. last year. -EPS (Q3): $1.63 vs. $0.22 last year. -Revenue (Q3): $2.635 Bln vs. $716.6 Mln last year.