BlackRock: Q1 Earnings Snapshot
By AP News
Published - Apr 12, 2024, 06:06 AM ET
Last Updated - Apr 12, 2024, 06:06 AM EDT
NEW YORK (AP) — NEW YORK (AP) — BlackRock Inc. (BLK) on Friday reported first-quarter net income of $1.57 billion.
The New York-based company said it had profit of $10.48 per share. Earnings, adjusted for one-time gains and costs, came to $9.81 per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $9.42 per share.
The investment firm posted revenue of $4.73 billion in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $4.69 billion.
