Reports Q1 revenue $1.38B, consensus $2.57B. Reports Q1 fee related EPS 86c. Total AUM were up 8% y/y to $991.3B. Stephen A. Schwarzman, Chairman and CEO, said, "Blackstone’s first-quarter results highlight the exceptional strength and stability of our firm. We protected our limited partners’ capital in volatile markets, and they entrusted us with $40B of inflows in the quarter. Our successful fundraising initiatives position us with nearly $200B of dry powder capital, an industry record, ahead of what we believe will be an attractive environment for deployment."
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on BX: