The Blackstone Group L.P. Q2 Income Drops

(RTTNews) - The Blackstone Group L.P. (BX) released a profit for second quarter that decreased from the same period last year.

The company's earnings came in at $305.79 million, or $0.45 per share. This compares with $742.04 million, or $1.09 per share, in last year's second quarter.

The company's revenue for the quarter fell 43.3% to $1.49 billion from $2.63 billion last year.

The Blackstone Group L.P. earnings at a glance:

-Earnings (Q2): $305.79 Mln. vs. $742.04 Mln. last year. -EPS (Q2): $0.45 vs. $1.09 last year. -Revenue (Q2): $1.49 Bln vs. $2.63 Bln last year.