=Blackstone (BX) reported earnings on Thur 27 Oct 2016 (b/o)

Blackstone beats by $0.09, beats on revs :

• Reports Q3 (Sep) economic net income (marked to market) of $0.57 per share, excluding non-recurring items, $0.09 better than the Capital IQ Consensus of $0.48; revenues $1.39 bln vs the $1.17 bln Capital IQ Consensus.  
  • PE carrying value +3%; Real estate +3.7%.
• Distributable Earnings was $593 million ($0.48/unit) in the quarter, on $534 million of Realized Performance Fees.
• Fee Related Earnings was $229 million in the third quarter, on $601 million of Fee Revenues.
• Total Assets Under Management reached a record $361.0 billion through a combination of strong fundraising and organic expansion.
• Blackstone declared a third quarter distribution of $0.41 per common unit payable on November 14, 2016.