Blackstone Analysts Increase Their Forecasts After Q3 Earnings
Blackstone(BX) Benzinga·2024-10-18 23:41
Blackstone Inc BX reported better-than-expected third-quarter financial results on Thursday.Blackstone reported third-quarter fiscal year segment revenues of $2.434 billion, slightly beating the consensus of $2.408 billion. Distributable earnings (DE) rose 6% year-over-year to $1.279 billion. Fee-related earnings increased 5% to $1.18 billion."We invested or committed $54 billion in the quarter — the highest in over two years — and deployed $123 billion in the last twelve months since the cost of capital pe ...