Since unveiling its partnership-to-corporation conversion plan, Blackstone’s value has swollen. Investment income fell in the second quarter, but fee-based earnings jumped, and this steadier income seems more highly valued by fund managers. tombuerkle
Private equity firm Blackstone on July 18 reported second-quarter profit attributable to the group of $306 million, down from $742 million a year earlier. At 45 cents a diluted share, earnings fell short of the mean analyst expectation of 50 cents, according to I/B/E/S data from Refinitiv.
Fee-related earnings, a measure of profit that does not include future investment gains or losses, were $422 million, up 24% from second quarter 2018. Distributable earnings, which includes fee-based earnings, interest and dividends and realized performance gains, increased 3%, to $761 million.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
China says Donald Trump is wrong on trade and not even Americans support himA Chinese Foreign Ministry spokesperson said 'China is not the only one that wants to conclude a trade deal,' but 'the U.S. wants it too.'
Leer más »
Renewable Energy Is Now The Cheapest Option - Even Without SubsidiesOver recent years the march towards an energy industry ruled by renewables has been on the agenda of many countries and international bodies. Aside from their non-depleting and replenishing nature, renewable energy is poised to lessen the world's carbon footprint and reduce greenhouse gas emissions.
Leer más »
As Fed nears rate cut, policymakers debate how deep, and even ifWith the first U.S. interest rate reduction in a decade expected later this mont...
Leer más »
Do Runners Even Need Toenails, Anyway?Chances are, you've lost one to your training—with no ill effects (besides the yuck factor). So, what gives? Do toenails help running? What do doctors say?
Leer más »
Even after huge earthquakes, much of Southern California still unprepared for The Big OneThe necessity of stockpiling supplies became more pronounced after twin earthquakes rocked Southern California, yet many still fail to prepare, experts say.
Leer más »