NEW YORK (AP) _ Blackstone Inc. (BX) on Thursday reported third-quarter earnings of $1.4 billion.

On a per-share basis, the New York-based company said it had profit of $1.94. Earnings, adjusted for non-recurring gains, came to $1.28 per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 93 cents per share.

The investment manager posted revenue of $6.22 billion in the period. Its adjusted revenue was $3.04 billion, which also beat Street forecasts. Three analysts surveyed by Zacks expected $2.22 billion.

Blackstone Inc. shares have climbed 99% since the beginning of the year.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BX at https://www.zacks.com/ap/BX

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