Blackstone’s (BX) second-quarter 2024 distributable earnings of 96 cents per share lagged the Zacks Consensus Estimate of 99 cents. The figure reflects a decline of 3.2% from the prior-year quarter.Shares of the company lost 1.5% in the pre-market trading. However, a full day’s trading session will depict a clearer picture.Results were primarily hurt by an increase in GAAP expenses. Nevertheless, a rise in segment revenues and improvement in the assets under management (AUM) balance were tailwinds.Net incom ...