Blackstone Group (BX) Tops Q1 EPS by 15c
Blackstone Group (NYSE: BX) reported Q1 EPS of $0.70, $0.15 better than the analyst estimate of $0.55. Revenue for the quarter came in at $1.51 billion versus the consensus estimate of $1.32 billion.
Q1 highlights:
-- Total Assets Under Management (“AUM”) reached $272 billion, up 25% year-over-year with double-digit increases across all investing businesses, through strong inflows and consistent appreciation.
-- Gross inflows were $10.2 billion in the first quarter and $62.0 billion for the last twelve months.
-- Blackstone’s funds returned $11.5 billion(a) of capital to investors during the first quarter and $41.9 billion(a) over the last twelve months as the environment for realizing gains remained strong.
-- Increased investment activity led to $7.4 billion of capital invested and/or committed during the first quarter, bringing the last twelve months to $21.6 billion.
-- Blackstone accelerated the release of its final annual K-1 tax forms which were made available to common unitholders in late March.
For earnings history and earnings-related data on Blackstone Group (BX) click here.
