By Avi Kapoor
Publication Date: 2026-01-30 13:22:00
On CNBC’s “Halftime Report Final Trades,” Rob Sechan, CEO of NewEdge Wealth, said Blackstone Inc. (NYSE:BX) reported great results.
On Thursday, Blackstone reported fourth-quarter results, with distributable earnings per share of $1.75 (+4% Y/Y), beating the analyst consensus estimate of $1.53. Distributable earnings rose 3% Y/Y to $2.24 billion in the quarter. The alternative asset manager firm reported segment revenues of $3.94 billion, down 5% year over year (Y/Y), beating the analyst consensus estimate of $3.72 billion.
Malcolm Ethridge, managing partner at Capital Area Planning Group, named International Business Machines Corporation (NYSE:IBM) as his final trade.
Lending support to his choice, IBM, on Wednesday, reported fourth-quarter revenue of $19.69 billion, beating the consensus estimate of $19.23 billion, according to Benzinga Pro. The company reported fourth-quarter adjusted earnings of $4.52 per share, beating analyst estimates of $4.32 per share.
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