The Blackstone Group L.P. (BX) revealed a profit for fourth quarter that dropped compared to the same period last year.
The company said its bottom line fell to $0.44 billion, or $0.37 per share. This was down from $1.45 billion, or $1.25 per share, in last year's fourth quarter.
Analysts had expected the company to earn $0.46 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company said revenue for the quarter fell 58.9% to $0.88 billion. This was down from $2.14 billion last year.
The Blackstone Group L.P. earnings at a glance:
-Earnings (Q4): $0.44 Bln. vs. $1.45 Bln. last year.-Earnings Decline (Y-o-Y): -69.7%-EPS (Q4): $0.37 vs. $1.25 last year.-EPS Decline (Y-o-Y): -70.4%-Analysts Estimate: $0.46-Revenue (Q4): $0.88 Bln vs. $2.14 Bln last year.-Revenue Change (Y-o-Y): -58.9%
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.