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Blackstone's earnings miss draws a downgrade at CFRA

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Blackstone stock falls 6% after its Q3 earnings and revenue miss analyst estimates

Blackstone Inc.’s stock fell 6% on Thursday after the private-equity firm and alternative-asset manager fell short of analyst estimates and drew at least one downgrade.

Blackstone’s revenue of $2.32 billion also fell short of the consensus estimate of $2.6 billion, according to FactSet data.

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