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Blackstone reports Q4 distributable EPS $1.11, consensus 96c

Reports Q4 fee-related EPS 86c. Reports Q4 revenue $1.29B, consensus $2.57B. Stephen A. Schwarzman, Chairman and CEO, said, “Blackstone reported strong fourth-quarter results, as we exited a volatile year for global markets. The quarter reflected strong momentum across the business, including a meaningful acceleration in fund-raising and investment activity. We are exceptionally well positioned for the road ahead with nearly $200B of dry powder capital to invest.”

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