Blackstone Hits Record AUM Of $250 Billion

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Blackstone Hits Record AUM Of $250 Billion

The Blackstone Group L.P. (NYSE:BX) released its earnings numbers for the three months ended September 30 2013 before the market opened on Wall Street today. The company showed earnings of $1.23 billion. Revenue for the third quarter came in at $1.2 billion. The firm revealed that Assets Under Management hit their highest level of all time at the end of the third quarter.

Blackstone Hits Record AUM Of $250 Billion

In the run up to the release of this earnings report, analysts following The Blackstone Group L.P. (NYSE:BX) were looking for earnings per share of 56 cents from the company by consensus. Revenue in the same period was expected to come in at $1.3 billion. In the same three months of 2012 Blackstone earned $3.47 per share on revenue totaling $2.3 billion.

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