1/27, 1:11 PM (Source: TeleTrader)
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Blackstone's Q4 EPS jumps 79% to $1.92

Blackstone Inc. reported on Thursday that its fourth-quarter diluted earnings per share (EPS) amounted to $1.92, increasing 79% on a yearly basis. Revenue soared 61% to $5.8 billion, and net income also jumped 61% annually to $2.9 billion. The diluted EPS for the full year 2021 came to $8.13, a 442% surge compared to the full year 2020. Revenue was boosted 270% to $22.6 billion, while net income skyrocketed 463% to $12.4 billion.

"Blackstone’s fourth-quarter results represented a remarkable finish to a record-breaking year. Our limited partners entrusted us with $270 billion of inflows in 2021, with assets under management rising 42% to $881 billion - our fastest growth rate in over a decade. Outstanding investment performance and the power of our brand are leading to share gains in multiple customer channels, driving exceptional earnings momentum for our shareholders," said CEO Stephen Schwarzman (pictured).

Blackstone shares jumped 4.06% in premarket trade after the announcement.

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