Blackstone (BX) Misses Q3 EPS by 5c; AUM Rose 15%

(Updated - October 16, 2014 7:16 AM EDT)

The Blackstone Group (NYSE: BX) reported Q3 economic net income of $0.66 per unit, $0.05 worse than the analyst estimate of $0.71. Revenue was $1.65 billion, versus the consensus of $1.54 billion.

Total AUM reached a record $284 billion, up 15% year-over-year despite returning $53.2 billion of capital to investors over the last twelve months (“LTM”).

• Gross inflows were $13.1 billion for the quarter and $54.8 billion LTM.
• Asset appreciation across funds created $34.8 billion of value for investors LTM.

For earnings history and earnings-related data on The Blackstone Group (BX) click here.

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