Blackstone (BX) Declares $0.80 Quarterly Dividend; 3.1% Yield

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Go back to Blackstone (BX) Declares $0.80 Quarterly Dividend; 3.1% Yield

Blackstone (BX) tumbles as Q3 results pressure shares

October 19, 2023 2:23 PM EDT

Blackstone (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