Blackstone Reports Third Quarter Results
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Piper Jaffray Cuts Price Target on Blackstone (BX) to $45 Following 3Q15
October 16, 2015 7:28 AM EDTPiper Jaffray reiterated an Overweight rating on The Blackstone Group (NYSE: BX), and cut the price target to $45.00 (from $48.00), following the company's 3Q15 earnings result. BX raised $16B of new capital in the quarter across a number of platforms bringing year-to-date capital raising to... More
UPDATE: Blackstone (BX) Misses Q3 EPS by 5c
October 15, 2015 7:03 AM EDT(Updated - October 15, 2015 7:04 AM EDT)
Blackstone (NYSE: BX) reported Q3 EPS of ($0.35), $0.05 worse than the analyst estimate of ($0.30). Revenue for the quarter came in at ($32.2) million versus the consensus estimate of ($253.7) million.
Stephen A. Schwarzman, Chairman and Chief Executive Officer, said, Blackstone produced strong Distributable Earnings in the third quarter, reaching a record for the nine-month period. Despite declines in the public markets that affected our Economic Net... More
