BlackRock Inc. stock rose 0.9% in premarket trades after the money management company’s first-quarter earnings beat Wall Street analyst estimates, although...
BlackRock Inc. BLK stock rose 0.9% in premarket trades after the money management company’s first-quarter earnings beat Wall Street analyst estimates, although its profit and assets under management fell. BlackRock’s first-quarter net income fell to $1.16 billion, or $7.64 a share, from $1.44 billion, or $9.35 a share, in the year-ago quarter. BlackRock’s first-quarter adjusted profit of $7.93 a share beat the analyst estimate of $7.78 a share. BlackRock’s first-quarter revenue dropped to $4.
9% in premarket trades after the money management company’s first-quarter earnings beat Wall Street analyst estimates, although its profit and assets under management fell. BlackRock’s first-quarter net income fell to $1.16 billion, or $7.64 a share, from $1.44 billion, or $9.35 a share, in the year-ago quarter. BlackRock’s first-quarter adjusted profit of $7.93 a share beat the analyst estimate of $7.78 a share. BlackRock’s first-quarter revenue dropped to $4.24 billion from $4.
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