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Apex Trader Funding (ATF) - News

Why Is Alternative Investment Giant Blackstone Stock Falling Premarket Thursday?

Blackstone Inc (NYSE:BX) shares are trading lower after it reported first-quarter FY24 results. Blackstone reported adjusted revenues of $2.55 billion, beating the consensus of $2.49 billion.  Distributable earnings (DE) rose 1% Y/Y to $1.27 billion. Fee-related earnings grew by 12% Y/Y to $1.16 billion. Fee-related earnings rose 12% Y/Y in the Real Estate, 25% in the Credit & Insurance business, and 2% Y/Y in the Private Equity segments. Net accrued performance revenue declined to $6.1 billion in the quarter from $6.4 billion in the prior year quarter.  Distributable earnings per share of $0.98 topped the ...