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Blackstone (BX) Stock Up on Q2 Earnings Beat, Costs Decline
Blackstone BX has reported second-quarter 2019 distributable earnings of 57 cents, beating the Zacks Consensus Estimate of 50 cents. Moreover, the figure reflects improvement from 56 cents earned in the prior-year quarter.
Shares of Blackstone gained nearly 2.3% 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 $305.8 million, down from $742 million in the year-ago quarter.
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https://finance.yahoo.com/news/blackston...01856.html
![[Bild: BXc1dl1657.png]](https://finviz.com/publish/071919/BXc1dl1657.png)
Blackstone BX has reported second-quarter 2019 distributable earnings of 57 cents, beating the Zacks Consensus Estimate of 50 cents. Moreover, the figure reflects improvement from 56 cents earned in the prior-year quarter.
Shares of Blackstone gained nearly 2.3% 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 $305.8 million, down from $742 million in the year-ago quarter.
...
https://finance.yahoo.com/news/blackston...01856.html
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