Blackstone Analysts Increase Their Forecasts After Q3 Earnings

Blackstone Inc BX reported better-than-expected third-quarter financial results on Thursday.Blackstone reported third-quarter fiscal year segment revenues of $2.434 billion, slightly beating the consensus of$2.408 billion. Distributable earnings (DE) rose 6% year-over-year to $1.279 billion. Fee-related earnings increased 5$1.18 billion."We invested or committed $54 billion in the quarter — the highest in over two years — and deployed$123 billion in the last twelve months since the cost of capital pe ...