Blackstone Group LP, the world's largest alternative asset manager, reported a 6 percent decline in fourth-quarter profit on Thursday as its real estate funds appreciated less than they did a year ago.The profit decline was smaller than most analysts expected, as performance fees in the New York-based company's private equity division soared. Blackstone shares rose 1.6 percent to $37.34 in premarket trading.Economic net income (ENI), a metric of profitability that takes into account the mark-to-market valuation of its portfolio, fell to $1.45 billion in the quarter from $1.54 billion a year ago.ENI per share came to $1.25 per share, higher than the average analyst estimate of 92 cents, according to a Thomson Reuters poll.
Blackstone Group LP (Blackstone) is an asset manager and provider of financial advisory services. Shares of BX remained unchanged at $36.74. In the past year, the shares have traded as low as $26.56 and as high as $37.17. On average, 4174010 shares of BX exchange hands on a given day and today's volume is recorded at 407.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI remained unchanged at $39.20. In the past year, the shares have traded as low as $33.21 and as high as $41.44. On average, 753442 shares of TRI exchange hands on a given day and today's volume is recorded at 0.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 0.14% or $-0.07/share to $49.10. In the past year, the shares have traded as low as $36.86 and as high as $49.89. On average, 717177 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 672614.
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