Blackstone's fourth-quarter earnings rise 4% as asset sales pick up
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Blackstone (BX) rises as earnings tops consensus estimates
January 25, 2024 9:04 AM ESTBlackstone (NYSE: BX) shares rose in early Thursday trading after reporting fourth-quarter earnings, topping consensus profit expectations.
The company reported Q4 EPS of $1.11, $0.12 better than the analyst estimate of $0.99. Revenue for the quarter came in at $1.29 billion versus the consensus estimate of $2.57 billion. Blackstone's distributable earnings increased by 4% year-on-year.
Shares of the company are currently up around 2% premarket at just below $123 per share.
Inflows were $52.7 billion in the quarter, bringing full-year inflows to $148.5 billion, while total assets under management rose by 7% to $1.04... More
