Blackstone Inc.: Q3 Earnings Snapshot

NEW YORK (AP) — NEW YORK (AP) — Blackstone Inc. (BX) on Thursday reported third-quarter earnings of $662.4 million.

The New York-based company said it had net income of 83 cents per share. Earnings, adjusted for non-recurring costs, were $1.32 per share.

The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.26 per share.

The investment manager posted revenue of $3.06 billion in the period. Its adjusted revenue was $3.22 billion, also topping Street forecasts. Six analysts surveyed by Zacks expected $3.12 billion.

Blackstone Inc. shares have dropped 29% since the beginning of the year.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BX at https://www.zacks.com/ap/BX