Blackstone Earnings Beat Forecasts on Real Estate, Energy

7/21/16

Blackstone Group LP (BX.N), the world’s largest alternative asset manager, reported higher-than-expected economic net income of 44 cents per share for the second quarter, helped by strong real estate investments and a rebound in energy prices.

Blackstone said on Thursday its second-quarter ENI was up 2 percent from a year earlier. Analysts had expected ENI to fall 9 percent to 39 cents per share from 43 cents.

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