Blackstone's stock was falling on 19 October after the world’s largest alternative asset managers’ quarterly results were affected by lower asset sales in a slow dealmaking environment.
On 19 October, Blackstone reported distributable earnings, which reflects cash available to pay dividends to shareholders, of $1.2bn, or 94 cents a share for the third quarter ended September. Analysts tracked by FactSet expected earnings of $1.01 a share.
