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Blackstone (BX) Q4 Earnings Beat Estimates
Blackstone’s BX fourth-quarter 2019 distributable earnings of 72 cents per share surpassed the Zacks Consensus Estimate of 68 cents. Moreover, the figure reflects an increase of 26.3% from the prior-year quarter.
Shares of Blackstone gained 1.8% 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 revenues and assets under management (AUM). However, higher expenses hurt results to some extent.
Net income attributable to Blackstone was $483.1 million against net loss of $10.9 million recorded in the year-ago quarter.
For 2019, distributable earnings of $2.31 per share surpassed the Zacks Consensus Estimate of $2.26. Moreover, the figure reflects rise of 6.5% from the prior year. Net income attributable to Blackstone was $2.05 billion, up from $1.54 billion a year ago.
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https://finance.yahoo.com/news/blackston...04366.html
![[Bild: BXc1dl1750.png]](https://finviz.com/publish/013120/BXc1dl1750.png)
Blackstone’s BX fourth-quarter 2019 distributable earnings of 72 cents per share surpassed the Zacks Consensus Estimate of 68 cents. Moreover, the figure reflects an increase of 26.3% from the prior-year quarter.
Shares of Blackstone gained 1.8% 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 revenues and assets under management (AUM). However, higher expenses hurt results to some extent.
Net income attributable to Blackstone was $483.1 million against net loss of $10.9 million recorded in the year-ago quarter.
For 2019, distributable earnings of $2.31 per share surpassed the Zacks Consensus Estimate of $2.26. Moreover, the figure reflects rise of 6.5% from the prior year. Net income attributable to Blackstone was $2.05 billion, up from $1.54 billion a year ago.
...
https://finance.yahoo.com/news/blackston...04366.html
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