$The Carlyle Group (CG.US)$ fell more than 8% Wednesday even as the private-equity giant beat analyst estimates for Q1 earnings per share and revenues.
CG shed 8.6% to a $40.97 close Wednesday despite reporting after the bell Tuesday that earnings per share rose to $1.01 -- up 60.3% from the same period last year, and better than analysts' consensus estimate of $0.94.
Quarterly sales hit $1.023 billion, beating the $993.3 million that analysts had expected. Sales also rose 35.6% from the $754.2 million CG recorded in the same period last year.