Trending: Blackstone Reports Higher 1Q Earnings
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Dow Jones
10:48 ET -- Blackstone is one of the most mentioned companies in the U.S. across all news items in the past 12 hours, according to Factiva data. The private-equity giant reported higher first-quarter earnings, with net income of $847.4 million, or $1.11 a share, as the value of investments rose across its major strategies. The company's infrastructure portfolio rose 4.8% in the quarter largely due to the company's bet on data centers. Blackstone's private-wealth business saw its highest inflows since 2022, amounting to $8 billion. Dow Jones & Co. owns Factiva. (zaeem.shoaib@wsj.com)
(END) Dow Jones Newswires
April 18, 2024 11:03 ET (15:03 GMT)
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