Blackstone Inc.
BX,
stock fell 1% in premarket trades on Thursday after the private fairness corporations claimed its fourth-quarter net cash flow fell to $557.9 million, or 75 cents a share, from $1.4 billion, or $1.92 a share, in the calendar year-back quarter. Distributable earnings fell to $1.07 a share in the fourth quarter, from $5.17 a share previous calendar year, but defeat the analyst estimate of 95 cents a share, according to estimates compiled by FactSet. Fourth-quarter revenue dropped to $1.7 billion from $5.76 billion. Complete belongings beneath management rose 11% to $974.7 billion.
