Welcome to Us apple developer accounts for sale.

HomeNewsText

apple developer:Carlyleu0027s second-quarter earnings fall less than expected

appleaccounts2020-10-1436

NEW YORK - Carlyle Group Inc <CG.O> reported a smaller-than-expected 7% year-on-year drop in second-quarter distributable earnings on Thursday, as profits in its private equity and credit divisions partly offset declines in real estate and energy businesses. Carlyle said distributable earnings (DE) - the cash available for paying dividends - fell to $198.4 million from $213.4 million a year earlier. This translated to DE per share of 53 cents, which significantly surpassed the Wall Street consensus average of 36 cents, according to data from Refinitiv. "Cost controls were better and performance fees were strong, driven mostly by a one-off item," said Jefferies analyst Gerald O'Hara. Like other private equity firms, Carlyle saw a rebound in the value of many of its funds, as U.S. stock markets rallied during the second quarter from a widespread sell-off in March driven by investor fears over the COVID-19 pandemic. The Washington, D.C.-based company said its corporate private equity funds appreciated by 13% in the quarter, while credit funds rose 8%. Its real estate funds and natural resources funds rose 2% and 3% respectively. By comparison, Blackstone said its private equity portfolio grew 12.8% in the second quarter, with opportunistic and core real estate funds rising by 1.6% and 3%, respectively. Under generally accepted accounting principles (GAAP), Carlyle reported a profit of $145.9 million, up from a $612 million loss in the first quarter, driven by the appreciation of its funds. "Our outlook remains appropriately prudent given an uncertain economic backdrop, though we continue to be active and well positioned to find attractive investment opportunities around the world," Carlyle Co-CEO Kewsong Lee said in a statement. Carlyle said assets under management totaled $221 billion at the end of June, up from $217 billion in the prior quarter. Carlyle declared a quarterly dividend of 25 cents per share. Its shares were trading 0.37% lower at $29.50 Thursday afternoon. REUTERS
ת,

buy apple developer account

buy reputed apple developer account, buyappleacc.com is a reputed site with years of experience providing apple developer account for customers, all client satisfy with buyappleacc.com 's apple developer account service.

Reviews

1 Comment(s)

Popular tags