Blackstone (BX) Q1 Earnings Meet Estimates, AUM Increases Y/Y
BXBlackstone(BX) Zacks Investment Research·2024-04-18 22:21

Blackstone’s (BX) first-quarter 2024 distributable earnings of 98 cents per share were in line with the Zacks Consensus Estimate. The figure reflects a rise of 1% from the prior-year quarter.Results have benefited from a rise in segment revenues and improvement in the assets under management (AUM) balance. However, higher GAAP expenses have hurt the results to some extent.Net income attributable to Blackstone was $847.4 million compared with $85.8 million in the year-ago quarter.Segment Revenues Improve, GA ...