24/7 Wall St.
05-15-2008, 10:50 AM
24/7 Wall St. Daily News
The Blackstone Group L.P. (NYSE: BX) has reported earnings this morning, and it's really hard to find anything pretty in the release. The private equity leader posted a GAAP net loss of $246.7 million after items, and its "economic net income" was listed also a s a loss at -$93.6 million. Its total net reportable segment revenues were $32.3 million, driven down by declines in all business segments from $1.23 billion in 2007. Its GAAP revenues were $68.5 million. This will show you the magnitude of the drops in segments reported: Corporate Private Equity had negative first quarter revenues; Real... http://feeds.feedburner.com/~f/typepad/RyNm?i=CtZ6FH</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=CtZ6FH) http://feeds.feedburner.com/~f/typepad/RyNm?i=ZdAiQH</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=ZdAiQH) http://feeds.feedburner.com/~f/typepad/RyNm?i=dlTvDh</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=dlTvDh)
complete story here... (http://www.247wallst.com/2008/05/blackstone-lose.html)
The Blackstone Group L.P. (NYSE: BX) has reported earnings this morning, and it's really hard to find anything pretty in the release. The private equity leader posted a GAAP net loss of $246.7 million after items, and its "economic net income" was listed also a s a loss at -$93.6 million. Its total net reportable segment revenues were $32.3 million, driven down by declines in all business segments from $1.23 billion in 2007. Its GAAP revenues were $68.5 million. This will show you the magnitude of the drops in segments reported: Corporate Private Equity had negative first quarter revenues; Real... http://feeds.feedburner.com/~f/typepad/RyNm?i=CtZ6FH</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=CtZ6FH) http://feeds.feedburner.com/~f/typepad/RyNm?i=ZdAiQH</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=ZdAiQH) http://feeds.feedburner.com/~f/typepad/RyNm?i=dlTvDh</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=dlTvDh)
complete story here... (http://www.247wallst.com/2008/05/blackstone-lose.html)