Blackstone reports Q3 distributable EPS 94c, consensus $1.01

Reports Q3 fee related earnings 92c. Reports Q3 revenue $2.54B, consensus $2.51B. Reports total Assets Under Management of $1,007.4 billion, up 6% year-over-year. Stephen A. Schwarzman, Chairman and Chief Executive Officer, said, “Blackstone delivered resilient third-quarter results despite challenging markets. Our investors continue to benefit from our strong sector selection – nearly all of our flagship strategies outperformed public benchmarks. Our exceptional long-term track record, unique breadth and the power of our brand allowed us to raise over $25 billion of capital, and we are well positioned with record dry powder of $200 billion to deploy in a dislocated environment.”