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Actionable news in BX: THE BLACKSTONE GROUP L.P,

Blackstone (BX) Stock Gains on Q2 Earnings Beat

NEW YORK (TheStreet) -- Shares of Blackstone Group (BX) are advancing 1.63% to $26.26 in pre-market trading Thursday after the company reported earnings and revenue that topped analysts' expectations.

Before today's market open, the New York-based alternative asset manager posted earnings of 44 cents per share, exceeding analysts' estimates of 39 cents per share.

Revenue for the period was $1.19 billion, above Wall Street's projections of $1.11 billion.

"Blackstone posted strong results in the second quarter...despite the notable market disturbances in...