Blackstone's Q3 Earnings Beat, Stock Gains on Higher Revenues, AUM

Blackstone’s (BX) third-quarter 2024 distributable earnings of $1.01 per share outpaced the Zacks Consensus Estimate of 91 cents. The figure reflects a rise of 7% from the prior-year quarter.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Shares of the company gained 3.2% in the pre-market trading. Better-than-expected results fueled by solid assets under management (AUM) growth drove investor optimism about the stock.Results benefited from higher revenues and an improvement in AUM ...