Category: Financial Advisory
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The alternate asset management and financial services company said Q4 EPS fell 7.4% to $1.25 but beat views by 33 cents. Revenue fell 20.6% to $2.1 bil, topping views of $1.8 bil. Economic income in Blackstones (NYSE:BX) private equity unit more than doubled to $1.82 bil in 14 and its financial advisory segment, which soon will be spun off, posted a 52.3% yearly gain to $115.3 mil. Shares rose 0.3% to 36.86.