Why Blackstone Group (BX) Stock Is Climbing Today

NEW YORK (TheStreet) -- Blackstone Group (BX) shares are up 2.2% to $34.70 in early market trading on Thursday after reporting that its second quarter profit almost doubled, rising 89% from the year ago period, to $1.3 billion.

Adjusted EPS for the quarter was $1.15, 44 cents better than analysts expected.

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TheStreet Ratings team rates BLACKSTONE GROUP LP as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:

"We rate BLACKSTONE GROUP LP (BX) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow."

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