Blackstone Group L.P. (BX) reported that its first-quarter GAAP net income attributable to the company increased to $167.63 million from $58.32 million or $0.11 per share in the same quarter last year. On a per share basis, net income was $0.29, up from $0.11 last year.
Economic net income for the quarter was $628.31 million, up from $491.22 million last year, driven by strong fund performance. Economic net income rose to $0.55 per unit, $0.44 per unit in last year's first quarter. Analysts polled by Thomson Reuters expected the company to report earnings of $0.55 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenues for the quarter rose to $1.26 billion from $974.07 million in the prior year quarter. Ten analysts had consensus revenue estimate of $1.16 billion for the quarter.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.