Blackrock Inc. Profit Advances 6% In Q4
WASHINGTON (dpa-AFX) - Blackrock Inc. (BLK) revealed earnings for its fourth quarter that increased from last year.
The company said its bottom line advanced to $852 million, or $5.14 per share. This was higher than $801 million, or $4.75 per share, in last year's fourth quarter.
Analysts had expected the company to earn $5.02 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company said revenue for the quarter rose 1.0% to $2.89 billion. This was up from $2.86 billion last year.
Blackrock Inc. earnings at a glance:
-Earnings (Q4): $852 Mln. vs. $801 Mln. last year. -Earnings Growth (Y-o-Y): 6.4% -EPS (Q4): $5.14 vs. $4.75 last year. -EPS Growth (Y-o-Y): 8.2% -Analysts Estimate: $5.02 -Revenue (Q4): $2.89 Bln vs. $2.86 Bln last year. -Revenue Change (Y-o-Y): 1.0%
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