Blackstone (BX) reported Q3 distributable earnings Thursday of $0.94 per share, down from $1.06 a year earlier.
Analysts polled by Capital IQ expected $1.02 per share.
Total revenue for the quarter ended Sept. 30 was $2.54 billion, up from $1.06 billion a year earlier.
Two analysts surveyed by Capital IQ expected $2.58 billion.
The company said it raised its quarterly dividend to $0.80 per share from $0.79, payable on Nov. 6 to shareholders as of Oct. 30.