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Blackstone Exclusive: Giant Q1 2024 Profit Increase Explained

Blackstone, the global leader in private equity, reported a slight 1% increase in distributable earnings for the first quarter of 2024, reaching $1.27 billion, up from $1.25 billion a year earlier.

PHOTO: Blackstone
PHOTO: Blackstone

This rise was supported by an uptick in fee-related earnings, despite a decline in income from asset sales. Earnings per share (EPS) edged up to 98 cents, slightly above the anticipated

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