BX Dips on Real Estate & Data Center Woes, Posts Record Q4 AUM Balance

Shares of Blackstone (BX) tanked 4.1% yesterday despite reporting better-than-expected fourth-quarter 2024 results. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.BX’s distributable earnings of $1.69 per share surpassed the Zacks Consensus Estimate of $1.46. Also, the figure reflected a surge of 52% from the prior-year quarter. Additionally, total segment revenues were $4.15 billion, soaring 64% year over year. The top line outpaced the Zacks Consensus Estimate of $3.79 billion. On ...