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These Analysts Lower Their Forecasts On Carlyle Group After Q2 Results

The Carlyle Group (NASDAQ:CG) reported worse-than-expected second-quarter financial results on Monday. Carlyle reported that in the second quarter of FY24, the adjusted EPS of $0.78 missed the consensus of $0.83, and Total Segment revenues of $788.0 million missed the consensus of $827.5 million. The company inked a deal to sell Cogentrix Energy to Quantum Capital Group and its affiliates for around $3 billion. The Cogentrix platform includes 5.3 gigawatts of efficient natural gas-fired power plants across PJM, ERCOT, and ISO-NE, enhancing the reliability, resilience, and affordability of the U.S. electricity market. Matt O'Connor, a ...