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Blackstone (BX) Q3 Earnings & Revenues Beat, Expenses Down
Blackstone’s BX third-quarter 2019 distributable earnings of 58 cents surpassed the Zacks Consensus Estimate of 54 cents. However, the figure declined from 63 cents earned in the prior-year quarter.
Shares of Blackstone gained nearly 1.9% in pre-market trading, indicating that investors have taken the results in their stride. However, the full day’s trading will depict a better picture of the actual price performance.
Results benefited from growth in assets under management (AUM) and lower expenses. However, a decline in revenues acted as a headwind.
Net income attributable to Blackstone was $779.4 million, up from $442.7 million in the year-ago quarter.
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https://finance.yahoo.com/news/blackston...01934.html
![[Bild: BXc1dl1550.png]](https://finviz.com/publish/102319/BXc1dl1550.png)
Blackstone’s BX third-quarter 2019 distributable earnings of 58 cents surpassed the Zacks Consensus Estimate of 54 cents. However, the figure declined from 63 cents earned in the prior-year quarter.
Shares of Blackstone gained nearly 1.9% in pre-market trading, indicating that investors have taken the results in their stride. However, the full day’s trading will depict a better picture of the actual price performance.
Results benefited from growth in assets under management (AUM) and lower expenses. However, a decline in revenues acted as a headwind.
Net income attributable to Blackstone was $779.4 million, up from $442.7 million in the year-ago quarter.
...
https://finance.yahoo.com/news/blackston...01934.html
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