BUZZ-Blackstone rises as Q4 profit exceeds Wall St expectations

Alternative asset manager Blackstone BX.N shares up ~2.49% at $190 premarket

BX beats Q4 profit estimates, helped by pickup in dealmaking

Co reports distributable Q4 EPS of $1.69 per share, compared with $1.11 per share, a year ago. Analysts had expected $1.46 per share, according to data compiled by LSEG.

Its assets under management hit record of $1.13 trillion

BX posts inflows of $57.5 bln in the fourth quarter

Co's fee-related earnings climb 76% in the quarter to $1.84 bln

BX stock rose ~31.7% in 2024