Blackstone Q3 Distributable Earnings of $1.32 Beat Estimates; AUM Reaches $1.37 Trillion on Over $63 Billion of Inflows
Blackstone reported third-quarter results on October 22, with distributable earnings of $1.32 per share, down 13% year on year but above the $1.26 consensus estimate, Reuters reported. Assets under management reached $1.37 trillion, with net inflows of more than $63 billion in the quarter.
Fee-related earnings rose 6% year on year, while net realizations fell 34% to about $332 million. Blackstone shares fell 2.2% in premarket trading after the release.
(Pictured: 345 Park Avenue in New York, home to Blackstone's headquarters, file photo.)
Published by GSM · USA (original Chinese edition)
Photo: Wikimedia Commons · Ajay Suresh · CC BY 4.0
