$Blackstone (BX.US)$ is a leading global investment company.By looking into BX's earnings report, we can get an in-depth understanding of the latest market trends, and hopefully find valuable trade ideas.
On October 21, Blackstone released its Q3 earnings that beat the estimates, and the management gives an optimistic overview. Let's see the highlights that might affect its stock price.
Financial Highlights
Q3 revenue $6.22 billion, up 105%YoY.
Q3 netincome$1.4 billion,up 76% YoY
Adjusted EPS $1.28, beating the $0.91 market estimates, a 40.7% surprise.
Operating & Business Highlights
Total assets under management (AUM) were $730.7 billion, up 25% YoY, with fee-based income under management of $528.4 billion, up 19% YoY.
Blackstone repurchased 2.9 million shares of common stock during the quarter and will distribute $1.8 billion to shareholders through dividends and share repurchases in the third quarter.
Outlook
Stephen A. Schwarzman, Chairman and Chief Executive Officer, said,
-Blackstone reported the best results in our 36-year history.
-Earnings increased dramatically, and all of our key financial and capital metrics reached record or near-record levels.
-Most importantly, we continue to deliver outstanding investment performance for our limited partners, with the third quarter capping our best twelve-month period for fund appreciation.
-Looking forward, we have more avenues for growth than ever before,and I believe we are in the early stages of a long-term acceleration of our business.
Click to see the original earnings report>>
What's your thought on Blackstone Q3 earnings? Is now a good time to buy or sell? Which way will the stock price go?
We can't wait to see your comments.

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