Blackstone Group Reports Loss

Revenues are up at Blackstone but the company reported a loss of $113.2 million, or 44 cents a share, for the quarter ended Sept. 30. That compares with a $372.5 million profit Blackstone posted in the year-ago period.

Today the stock plunged 6 percent and is down around 40 percent from its all time high of $38.00 on its first day of trader, according to the Wall Street Journal.

Revenue rose 14 percent to $526.6 million from $461.5 million in the third quarter.