Blackstone beats by $0.15, beats on revs; increases share repurchase to $1 bln
- Reports Q1 (Mar) ENI earnings of $0.65 per share, $0.15 better thanthe Capital IQ Consensus of $0.50; revenues fell 7.6% year/year to $1.77 bln vs the $1.25 bln Capital IQ Consensus.
- AUM grew to a record $449.6 billion, up 22% year-over-year, through a combination of continued fundraising and fund appreciation.
- "Co is pleased to announce we have increased our unit repurchase authorization to $1 billion. We also intend to make a special distribution of $0.30 per unit in 2018 representing a portion of the proceeds received in connection with the conclusion of our direct lending sub-advisory relationship."
No comments:
Post a Comment