Blackstone Mortgage: Q3 Earnings Snapshot
NEW YORK (AP) — NEW YORK (AP) — Blackstone Mortgage Trust Inc. (BXMT) on Wednesday reported third-quarter net income of $29.5 million.
On a per-share basis, the New York-based company said it had profit of 17 cents. Earnings, adjusted for non-recurring costs and stock option expense, were 78 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 72 cents per share.
The real estate finance company posted revenue of $519.3 million in the period. Its adjusted revenue was $165.4 million.
Blackstone Mortgage shares have declined 5% since the beginning of the year. The stock has dropped 11% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BXMT at https://www.zacks.com/ap/BXMT
