BlackRock (BLK) Beats Q1 Earnings Estimates, Stock Gains
BLKBlackRock(BLK) Zacks Investment Research·2024-04-12 21:36

BlackRock, Inc.’s (BLK) first-quarter 2024 adjusted earnings of 9.81persharehandilysurpassedtheZacksConsensusEstimateof9.81 per share handily surpassed the Zacks Consensus Estimate of 9.42. The figure reflects a jump of 24% from the year-ago quarter. Shares of BLK are trending more than 2.5% higher in the pre-market trading session today. The results benefited from a rise in revenues and higher non-operating income. Further, assets under management (AUM) balance witnessed an improvement driven by net inflows. However, higher expenses acted as a dampener. Net ...