Blackstone Inc.: Q1 Earnings Snapshot

About this update from Blackstone Inc.

NEW YORK (AP) — NEW YORK (AP) — Blackstone Inc. (BX) on Thursday reported first-quarter profit of $649.7 million . The New York -based company said it had net income of 83 cents per share. Earnings, adjusted for non-recurring costs, were $1.36 per share. The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.35 per share. The investment manager posted revenue of $3.62 billion in the period. Its adjusted revenue was $3.43 billion , also beating Street forecasts. Five analysts surveyed by Zacks expected $3.32 billion . Blackstone Inc. shares have fallen 16% since the beginning of the year. _____ 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 For copyright information, check with the distributor of this item, STATS Perform dba Automated Insights. , source Associated Press News

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