Blackstone reports better-than-expected Q2 distributable earnings

), the world’s largest manager of alternative assets such as private equity and real estate, said on Thursday its distributable earnings in the second quarter rose 1% year-on-year, more than most analysts expected.

However, Blackstone’s distributable earnings of 57 cents per share was higher than the 49 cents that analysts forecast on average, according to data compiled by Refinitiv. “We view this earnings release as very positive. Blackstone reported of $10.6 billion, which was above our estimate of $8.9 billion and higher quarter-over-quarter,” Credit Suisse analysts wrote in a research note.

Blackstone does not plan to give voting rights to outside shareholders in order to be allowed to join the Russell 1000 Index and gain more exposure to investors, Gray added.Blackstone said the value of its private equity portfolio appreciated by 0.7%, compared to a 3.8% rise in the benchmark S&P 500 stock index .SXP. Opportunistic funds and core real estate funds appreciated 4.4% and 0.8% in the quarter, respectively.

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Netflix Misses Q2 Subscriber Forecasts, Hits Revenue Target, Beats On EarningsNetflix undershot its own guidance for net added subscriptions in the second quarter, blaming its own content slate and other variables rather than new competition or U.S. price hikes. It delivered…
مصدر: DEADLINE - 🏆 109. / 63 اقرأ أكثر »

Netflix U.S. Subs Decline in Q2 After Price Hikes, Company Blames Content SlateFor the first time, Netflix lost subscribers in the U.S. — dropping 130,000 — and added fewer international customers than expected, sending the stock tumbling. Paid subscribers grew by… .netflix it’s both Blame the lack of living wages being paid these days. i would def subscribe if i could afford it...
مصدر: Variety - 🏆 108. / 63 اقرأ أكثر »

LIVE: Netflix reports its Q2 earnings as new competitors loom on the horizonNetflix posts earnings for Q2 2019 on July 17, and will update Wall Street on subscriber growth, revenue, and profit.
مصدر: BusinessInsider - 🏆 729. / 51 اقرأ أكثر »