WASHINGTON (AP) _ The Carlyle Group Inc. (CG) on Thursday reported second-quarter profit of $925 million.

On a per-share basis, the Washington-based company said it had net income of $2.55. Earnings, adjusted for non-recurring gains, were 88 cents per share.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 61 cents per share.

The asset management firm posted revenue of $2.71 billion in the period. Its adjusted revenue was $919 million, which also topped Street forecasts. Four analysts surveyed by Zacks expected $674.8 million.

Carlyle shares have risen 50% since the beginning of the year. The stock has climbed 63% 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

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