Shares of The Blackstone Group LP (BX) are trading -7% lower at a price of $94.49 at the time of this writing.

Blackstone (BX) relayed that many of its strategies saw negative returns in Q2 amid choppy markets. Corporate Private Equity performed the worst of the Blackstone strategies, falling 6.7% while its secondaries private equity strategy rose 5.7%, and core real estate was up 2.3%.

Overall, Q2 distributable EPS of $1.49 beat the consensus estimate of $1.46, falling from $1.55 in Q1 2022, but up from $0.82 in the year-ago quarter. Q2 fee-related earnings was $1.02B compared with $1.15B in the prior quarter and $704M a year ago.

The Blackstone Group LP has been trading between a 52-week high of $146.35 and a 52-week low of $86.97. The stock has a market cap of $66.2 Billion.

Blackstone is one of the world’s leading investment firms. It seeks to create positive economic impact and long-term value for its investors, the companies it invests in, and the communities in which it works. It does this by using extraordinary people and flexible capital to help companies solve problems.

Recap: Blackstone Q2 Earnings
Benzinga 07-21-22

Blackstone Q2 earnings beat consensus, but many strategies saw negative returns
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Blackstone declines dividend by 4% to $1.27
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Blackstone braves second-quarter downturn with 86% earnings jump
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As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:

alfred250 - 2 upvotes - source
10k in BX calls for earnings before open PE boyz lets get it🛫