Blackstone's Q3 Earnings: A Surprise Beat

Blackstone just defied expectations with a Q3 earnings report showing a profit of $1.52 per share adjusted, crushing analyst predictions of $1.21. Revenue also soared to $3.3 billion, surpassing estimates. Despite this, the stock is still down 6% for the year, proving strong earnings don't always equal immediate gains. Will this surprise performance boost investor confidence in the financial sector, or will Blackstone's stock continue to struggle?The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.