07:47 AM EDT, 07/18/2024 (MT Newswires) -- Blackstone (BX) reported Q2 distributable earnings Thursday of $0.96 per share, up from $0.93 a year earlier.

Analysts surveyed by Capital IQ expected $0.98.

Revenue for the quarter ended June 30 was $2.80 billion, compared with $2.81 billion a year earlier.

Four analysts surveyed by Capital IQ expected $2.56 billion.

The company lowered its quarterly dividend to $0.82 per share, payable Aug. 5 to shareholders of record as of July 29.

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