Blackstone

Blackstone’s Q3 Distributable Earnings Fall, Revenue Increases; Quarterly Dividend Raised

Blackstone (BX) reported Q3 distributable earnings Thursday of $0.94 per share, down from $1.06 a year earlier. Analysts polled by Capital IQ expected $1.02 per share. Total revenue for the quarter ended Sept. 30 was $2.54 billion, up from $1.06 billion a year earlier. Two analysts surveyed by Capital IQ expected $2.58 billion. The company said it raised its quarterly dividend to $0.80 per share from $0.79, payable on Nov. 6 to shareholders as of Oct. 30.

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Blackstone (NYSE:BX) Q2 Distributable Earnings Fall, Revenue Rises

Blackstone (NYSE:BX) reported Q2 distributable earnings  of $0.93 per share, down from $1.49 a year earlier. Analysts polled by Capital IQ expected $0.92 per share. Total revenue for the quarter ended June 30 was $2.81 billion, up from $629.2 million a year earlier. Four out of seven analysts surveyed by Capital IQ expected $2.40 billion. The board lowered the quarterly dividend to $0.79 per share from $0.82, payable on Aug. 7 to shareholders as of July 31.

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