Carlyle Group reports $59M non-cash loss in 2nd quarter
Published: August 8, 2012 / Author: Thomas Heath
The following is an excerpt from an article in The Washington Post that quotes Finance Professor Tim Loughran about the Carlyle Groups stock performance. To read the entire article visit: Carlyle Group reports $59M non-cash loss in 2nd quarter
Carlyle Group reported a $59 million non-cash loss in income in the second quarter of 2012, which the District-based private equity giant attributed in part to a poor June stock market, which forced the company to write down the value of some of its holdings.
The firm also reported its first dividend of 11 cents per share, payable Aug. 31, and said the company’s distributable earnings — which includes the money that the company earns on its investments — were $115 million, up 29 percent over a year ago.
Excerpt
Tim Loughran, a finance professor at the University of Notre Dame Mendoza College of Business, said Carlyle’s stock performance to date “means it’s not a flash in the pan. It’s not like they are going into social media,” Lougran said. “They are buying auto paint. It’s not very glamorous, but sometimes slow and steady and dull wins.”
/news_and_events/news_articles/article/11654/carlyle-group-reports-59m-non-cash-loss-in-2nd-quarter
