BlackRock (BLK) Q2 Earnings Top Estimates as AUM Hits $1.65T
BlackRock(BLK) ZACKS·2024-07-15 21:12
BlackRock’s (BLK) second-quarter 2024 adjusted earnings of $10.36 per share handily surpassed the Zacks Consensus Estimate of $9.96. The figure reflects a rise of 12% from the year-ago quarter.Shares of BLK are trending almost 1.5% higher in the pre-market trading session today.The results benefited from a rise in revenues. Assets under management (AUM) witnessed solid improvement driven by net inflows and market appreciation. However, higher expenses and a fall in non-operating income acted as headwinds.Ne ...