Recap: Blackstone Q1 Earnings

Blackstone (NYSE:BX) reported its Q1 earnings results on Thursday, April 20, 2023 at 07:00 AM. Here’s what investors…

byBenzinga Insights

April 20, 2023

1 minute read

Blackstone (NYSE:BX) reported its Q1 earnings results on Thursday, April 20, 2023 at 07:00 AM.

Here’s what investors need to know about the announcement.

Earnings

Blackstone missed estimated earnings by 1.02%, reporting an EPS of $0.97 versus an estimate of $0.98.

Revenue was down $1.02 billion from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.12 which was followed by a 2.19% increase in the share price the next day.

Here’s a look at Blackstone’s past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	0.95	1	1.44	1.09
EPS Actual	1.07	1.06	1.49	1.55
Revenue Estimate	2.74B	2.43B	3.59B	2.61B
Revenue Actual	2.34B	2.59B	4.15B	3.50B

To track all earnings releases for Blackstone visit their earnings calendar here.

This article was generated by Benzinga’s automated content engine and reviewed by an editor.

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By Shivani Kumaresan

May 21, 8:37 AM

Macy's shares are climbing after reporting better-than-expected Q1 adjusted EPS and raising its FY24 outlook. Despite a 2.7% year-on-year sales decline to $4.846 billion, Macy's adjusted EPS of $0.27 beat the $0.15 consensus. The company updated its FY24 sales forecast to $22.3B-$22.9B and adjusted EPS guidance to $2.55-$2.90, reflecting strong customer response to their new strategy.