Blackstone's Q4 Profit Surges as Dealmaking Gathers Momentum, AUM Hits Record High
(Reuters) - Blackstone trounced Wall Street estimates for fourth-quarter profit on Thursday, fueled by a pickup in dealmaking, while the assets under management at the world's largest alternative investment firm reached a record $1.13 trillion.
Blackstone's Q4 Earnings Beat, Stock Gains as AUM Touches Record High
Blackstone is well-poised for top-line growth, supported by a continued rise in AUM. The company is expected to keep gaining from its fund-raising ability. However, high expenses and a challenging operating backdrop are expected to hurt the bottom line in the near term.
Reports fee-related EPS $1.50. Reports Q4 revenue $3.08B, consensus $3.81B. Reports total AUM $1.127B. Stephen A. Schwarzman, Chairman and CEO, ...
Blackstone Inc (BX) shares up on higher Q4 fiscal year revenues of $4.15B (+56% DE, +76% Fee-related). AUM rose 8%, dividend of $1.44 declared.
Blackstone President and COO Jon Gray joins 'Squawk Box' to discuss the company's quarterly earnings results, state of the ...
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