🟢 Blue Owl Capital is trading 4.1% up today after third-quarter earnings beat estimates

Blue Owl Capital is trading 4.14% up at $10.07 after reporting third-quarter results on October 29, with earnings and revenue above estimates.

• Distributable earnings were $0.24 per share versus the $0.23 estimate; revenue was $806.5 million versus the $698.1 million estimate.
• Fee-related earnings rose 14% to $427.5 million, beating expectations; assets under management reached $329.9 billion, up 12% year over year.
• Bloomberg noted investor redemptions in certain funds weighed on inflows; the earnings beat is the clearest company-specific catalyst for the gain.