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Earnings Preview: Blackstone Group (BX) |
| Published: August 10, 2007, 3:22 pm |
| Tags: earnings, private equity |
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The Blackstone Group, LP (NYSE:BX) will post earnings for its units on Monday morning, August 13. First Call looks like the estimates were $0.46 EPS, but investors should be cautious on any set number since the data is new and probably incomplete. This is also the first earnings report from the company since its IPO, and it has only been public since June. The recent market malaise in credit and borrowing has wrecked havoc on private equity leveraged buyouts in the last few weeks. Shares are also down considerably from the IPO pricing and post-IPO open. The good news is... [ Full article ] |
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