Blackstone’s net income plummeted in the third quarter as the value of its private-equity portfolio fell
Blackstone Inc.’s net income plummeted in the third quarter as the value of its private-equity portfolio declined.
The New York investment firm reported net income of $2.3 million, or less than 1 cent a share, compared with a profit of $1.4 billion, or $1.94 a share, during the same period last year.
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