Blackstone thrives on equity growth; Q3 results beat estimates
The persistent uptrend in the stock market in recent months pushed up Blackstone Group’s (BX) third-quarter results, which also topped analysts’ forecast. Economic net income, a key metric that reflects the mark-to-market valuation changes, rose 11% to $0.76 per unit. Reported earnings of the New York-based company, which manages alternative assets, increased to $442.74 million … Continue reading Blackstone thrives on equity growth; Q3 results beat estimates
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