Trade with Eva : Analytics in action: =Blackstone (BX) reported earnings on Thur 20 Apr 2017 (b/o)

Thursday, April 20, 2017

Blackstone beats by $0.14, beats on revs :

Reports Q1 (Mar) ENI of $0.82 per share, $0.14 better than the Capital IQ Consensus of $0.68; revenues rose 108.1% year/year to $1.94 bln vs the $1.6 bln Capital IQ Consensus.
Distributable Earnings ("DE") was $1.2 billion ($1.02/unit) in the quarter, with record realizations resulting in $1.2 billion of Realized Performance Fees.
Fee Related Earnings ("FRE") was $291 million in the quarter, up 18% year-over-year, on $650 million of Management and Advisory Fees, Net.
Total Assets Under Management grew to a record $368.2 billion through a combination of continued fundraising, organic platform expansion and strong fund appreciation.
Declares $0.87 distribution.