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Blackstone earnings sparkle

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Blackstone's reported "economic net income" of $0.59 per share in the fourth quarter, easily beating the average estimate of about $0.47. The earnings report bodes well for other private equity-oriented alternative investment companies that will report soon. The earnings at Blackstone were powered in part by strong business in core private equity, hedge funds and credit units. Earnings from real estate were a bit disappointing. Article