NEW YORK (AP) _ Blackstone Group L.P. (BX) on Wednesday reported third-quarter net income of $794.7 million.

The New York-based company said it had profit of $1.13 per share. Earnings, adjusted for non-recurring gains, came to 63 cents per share.

The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 57 cents per share.

The investment manager posted revenue of $3.03 billion in the period. Its adjusted revenue was $1.46 billion, which met Street forecasts.

Blackstone Group shares have dropped slightly more than 7% 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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