Blackstone Q3 earnings jump on investment performance, lower expenses (BX:NYSE)
6 Articles
6 Articles
Blackstone Surges Past Expectations as Real Estate Shows Signs of Life
Private equity giant posts 50 percent earnings jump on record inflows, signaling potential end to property market doldrums Blackstone Inc. delivered a resounding beat on Wall Street’s expectations in the third quarter, with distributable earnings soaring nearly 50 percent year-over-year to $1.9 billion as the world’s largest alternative asset manager rode a wave of record […] The post Blackstone Surges Past Expectations as Real Estate Shows Sign…
Blackstone (BX) Shines With Big Q3 Beat & $18B Hologic Deal – But Why Are Shares Falling?
Q3 Earnings and Market Reaction Blackstone’s latest results (for the quarter ended Sept. 30) painted a mixed picture. The firm reported distributable earnings of $1.889 billion ($1.52 per share), up 48% from a year ago and well above the $1.23 forecast reuters.com. (Distributable earnings roughly measure cash profits available for dividends.) However, on a GAAP basis net income dropped to $624.9 million ($0.80/share) from $780.8 million last yea…
Blackstone Sold $7.3B Of Real Estate In Q3, Posts 48% Profit Jump
Blackstone reported a hefty increase in profits year-over-year during its third-quarter earnings call after unloading $7.3B in commercial real estate and spending $3.6B on the same. The firm's distributable earnings in the third quarter rose to $1.9B, a roughly 48% increase year-over-year and up about 20% from $1.6B in Q2, according to its earnings report.
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