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Blackstone Q2 ENI Triples to $703.2 Mln

Blackstone reported Thursday that second quarter economic net income more than tripled to $703.2 million or 62 cents a share, compared to $212 million or 19 cents a share for the same time period in 2012. GAAP Net Income was $211 million for the quarter. Blackstone said total revenues for second quarter were $1.4 billion, up 122% from $644.3 million in 2012. “These past three quarters have been the highest in distributable earnings since Blackstone went public six years ago,” said Stephen Schwarzman, Blackstone’s chairman and CEO, in a statement. See Blackstone earnings here.