The Blackstone Group LP Misses
The Blackstone Group LP (BX) reported 1st Quarter March 2018 earnings of $0.65 per share on revenue of $1.8 billion. The consensus earnings estimate was $0.46 per share on revenue of $1.8 billion. The Earnings Whisper number was $0.76 per share. Revenue fell 8.8% compared to the same quarter a year ago.
Blackstone Group LP is an alternative asset manager. It also provides financial advisory services, including corporate and mergers and acquisitions advisory, restructuring and reorganization advisory and fund placement services.