Blackstone Q2 EPS $0.93, Inline, Sales $2.35B Miss $2.41B Estimate
Portfolio Pulse from Benzinga Newsdesk
Blackstone (NYSE:BX) reported Q2 earnings of $0.93 per share, in line with analyst consensus. However, this is a 37.58% decrease from the same period last year. The company's quarterly sales of $2.35 billion missed the analyst consensus estimate of $2.41 billion by 2.45%, marking a 43.41% decrease from the previous year.
July 20, 2023 | 10:58 am
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Blackstone's Q2 earnings met expectations but sales missed estimates and both showed significant year-over-year decreases.
Blackstone's earnings met analyst expectations, which is positive. However, the company's sales missed estimates, which is negative. Additionally, both earnings and sales have significantly decreased compared to the same period last year, which could negatively impact investor sentiment and the stock price.
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