Carlyle: 4Q Earnings Snapshot

WASHINGTON (AP) _ The Carlyle Group Inc. (CG) on Wednesday reported a fourth-quarter loss of $8.3 million, after reporting a profit in the same period a year earlier.

The Washington-based company said it had a loss of 8 cents per share. Earnings, adjusted for non-recurring costs, were 47 cents per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 43 cents per share.

The asset management firm posted revenue of $580.7 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $538.4 million.

For the year, the company reported profit of $380.9 million, or $2.82 per share. Revenue was reported as $2.11 billion.

Carlyle shares have climbed slightly more than 4% since the beginning of the year. The stock has climbed 70% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CG at https://www.zacks.com/ap/CG