Carlyle Group Q4 Sales $926.20M Beat $850.39M Estimate
Portfolio Pulse from Benzinga Newsdesk
Carlyle Group (NASDAQ:CG) reported Q4 sales of $926.20M, surpassing the analyst consensus estimate of $850.39M by 8.92%. However, this represents a 12.54% decrease from the $1.06B sales reported in the same period last year.
February 07, 2024 | 11:54 am
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Carlyle Group reported higher than expected Q4 sales but saw a decrease compared to last year.
While Carlyle Group's Q4 sales exceeded analyst expectations, the year-over-year decrease may temper investor enthusiasm. The beat on estimates could provide some positive sentiment, but the decline in sales compared to the previous year might raise concerns about growth, leading to a neutral short-term impact on the stock price.
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