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10/21, 1:05 PM (Source: TeleTrader)
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Blackstone Q3 revenue doubles to $6.22 billion

Blackstone Inc. said on Thursday that its third-quarter revenue annually doubled to reach $6.22 billion, with net income soaring to $3.21 billion or diluted earnings per share of $1.94.

"Blackstone reported the best results in our 36-year history. Earnings increased dramatically, and all of our key financial and capital metrics reached record or near-record levels. Most importantly, we continue to deliver outstanding investment performance for our limited partners, with the third quarter capping our best twelve-month period for fund appreciation," CEO Stephen Schwarzman (pictured) noted.

The company's stocks rose 1.67% in premarket trading to sell for $130.84 per share following the earnings announcement.

Breaking the News / ND