Form 8-K Blackstone Inc. For: Oct 19
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Blackstone (BX) tumbles as Q3 results pressure shares
October 19, 2023 2:23 PM EDTBlackstone (NYSE: BX) shares tumbled more than 7% Thursday after the company missed third-quarter consensus earnings and revenue expectations.
The company reported Q3 EPS of $0.94, $0.09 worse than the analyst estimate of $1.03, while revenue for the quarter came in at $2.32 billion, below the consensus estimate of $2.66 billion.
Despite the miss, the company's CEO, Stephen Schwarzman, said the firm delivered a "resilient third quarter" despite challenging markets.
"Our investors continue to benefit from our strong sector selection nearly all of... More
