Blackstone Mortgage Trust Inc. Bottom Line Drops 3% In Q3

(RTTNews) - Blackstone Mortgage Trust Inc. (BXMT) announced a profit for third quarter that lost ground compared to the same period last year.

The company said its earnings declined to $64.79 million, or $0.69 per share. This was lower than $66.89 million, or $0.72 per share, in last year's third quarter.

Analysts had expected the company to earn $0.65 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Blackstone Mortgage Trust Inc. earnings at a glance:

-Earnings (Q3): $64.79 Mln. vs. $66.89 Mln. last year. -Earnings Decline (Y-o-Y): -3.1% -EPS (Q3): $0.69 vs. $0.72 last year. -EPS Decline (Y-o-Y): -4.2% -Analysts Estimate: $0.65