Movement Alert｜Blue Owl Capital Inc. Pre-Market Rise 5.27%, Q3 earnings and AUM topped expectations

Market Focus10-29 20:00

On October 29, Blue Owl Capital Inc. rose 5.27% in Pre-Market Trading, trading at $10.2439/share, with turnover of $0.5277 million.

The move followed the company’s latest quarterly results, which showed adjusted distributable earnings of $0.24 per share, above the $0.23 consensus estimate, while revenue reached $806.531 million, ahead of the $710.530 million estimate.

Additional operating data also supported the reaction: third-quarter profit increased on stronger fee-related earnings, assets under management rose 12% to nearly $330 billion, and the firm generated $12.6 billion of new capital commitments in the quarter, bringing the trailing 12-month total to $48.8 billion. In its credit platform, direct lending originations were $5.2 billion during the quarter, while deployments declined by $0.3 billion. Given the stock had already fallen about 35% year to date, the earnings beat and continued AUM growth appear to have provided a near-term lift.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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