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BlackRock (BLK) Q4 Earnings Beat Estimates as Revenues Rise
BlackRock, Inc.’s BLK fourth-quarter 2019 adjusted earnings of $8.34 per share surpassed the Zacks Consensus Estimate of $7.67. Moreover, the figure was 37.2% higher than the year-ago quarter’s number.
Results benefitted from an improvement in revenues. Moreover, growth in assets under management (AUM), driven by net inflows, was a positive. However, higher expenses hurt results to some extent.
Net income attributable to BlackRock (on a GAAP basis) was $1.30 billion, up 40.3% from the prior-year quarter.
For 2019, adjusted earnings were $28.48 per share, up from $26.93 recorded a year ago. Moreover, the figure surpassed the Zacks Consensus Estimate of $27.87 per share. Net income attributable to BlackRock (GAAP basis) was $4.48 billion for the year, increasing 4% from the previous year.
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https://finance.yahoo.com/news/blackrock...02330.html
![[Bild: BLKc1dl1613.png]](https://finviz.com/publish/011720/BLKc1dl1613.png)
BlackRock, Inc.’s BLK fourth-quarter 2019 adjusted earnings of $8.34 per share surpassed the Zacks Consensus Estimate of $7.67. Moreover, the figure was 37.2% higher than the year-ago quarter’s number.
Results benefitted from an improvement in revenues. Moreover, growth in assets under management (AUM), driven by net inflows, was a positive. However, higher expenses hurt results to some extent.
Net income attributable to BlackRock (on a GAAP basis) was $1.30 billion, up 40.3% from the prior-year quarter.
For 2019, adjusted earnings were $28.48 per share, up from $26.93 recorded a year ago. Moreover, the figure surpassed the Zacks Consensus Estimate of $27.87 per share. Net income attributable to BlackRock (GAAP basis) was $4.48 billion for the year, increasing 4% from the previous year.
...
https://finance.yahoo.com/news/blackrock...02330.html
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