Blackstone Group’s second quarter net income increased more than three fold to $774.4 million from $224.1 million in the second quarter of 2006.  The company still reported a loss of 20 cents per share but keep in mind that only cover 12 days in the second quarter as the company went public at the end of June.

Revenues reported were $975.3 million up from $324.6 million last year.  The analysts polled by Thomson Financial forecast $1.06 billion in revenue and net income of $614.4 million.

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