Reuters Before the Bell: Blackstone fourth-quarter distributable earnings down 42 percent on year at $722 million

Click to View in Browser Thursday, January 31, 2019 Blackstone fourth-quarter distributable earnings down 42 percent on year at $722 million Blackstone Group LP, the world's largest manager of alternative assets such as private equity and real estate, said on Thursday fourth-quarter distributable earnings fell 42 percent from a year earlier to $722 million. ConocoPhillips beats profit estimates on higher production ConocoPhillips beat quarterly profit estimates on Thursday as the world's largest independent oil producer saw a rise in output from North America's shale fields. Raytheon quarterly revenue up 8.5 percent, outlook disappoints Tomahawk missile maker Raytheon Co reported an 8.5 percent rise in fourth-quarter revenue on Thursday, boosted by higher demand for its weapons, but a conservative 2019 profit forecast sent shares down. Internet users help Charter beat revenue estimates Charter Communications Inc topped quarterly revenue estimates on Thursday, as the cable operator attracted more customers for its internet services, offsetting a drop in video subscribers. Sprint loses fewer phone subscribers and beats on revenue Sprint Corp on Thursday reported fewer-than-expected losses in net new phone subscribers who pay a monthly bill and beat quarterly revenue estimates, as it attempts to undermine bigger competitors on prices. Tesla CFO leaves as automaker promises profits and cheaper cars Tesla Inc's chief financial officer will leave the company as the automaker on Wednesday promised cheaper Model 3 sedans, the launch of Chinese production this year and profits in every quarter in 2019. Factbox: Tesla executive departures since 2016 Tesla Inc on Wednesday announced the departure of Chief Financial Officer Deepak Ahuja, the latest senior executive to leave the company as it strives to ramp up electric car production and reach long-term profitability. OPEC oil output drops in January on Saudi cut, outages and sanctions OPEC oil supply has fallen in January by the largest amount in two years, a Reuters survey found, as top exporter Saudi Arabia over-delivered on the group's supply pact while Iran, Libya and Venezuela registered involuntary declines. General Electric posts fourth-quarter profit, revenue beat; shares rise U.S. industrial conglomerate General Electric Co reported a $666 million profit from continuing operations for the fourth quarter, recovering from a $11.2 billion loss a year ago, sending its shares sharply higher. Shell sticking with spending discipline as 2018 profits soar Royal Dutch Shell said to would stick to spending discipline this year after 2018 profits jumped by more than a third to $21.4 billion, their highest since 2014. Related Video Tesla sees 2019 profits, lack of subsidy bites Facebook results beat Wall Street, shares jump Make sense of the market with highlights of valuable financial information and reports along with compelling investment insights. Register Today The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2019 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook