Blackrock: Q2 under expectations.
(CercleFinance.com) - Despite a rise in results year-on-year, BlackRock disappointed in the second quarter.
The US asset management specialist posted net income of 857 million dollars, or 5.22 dollars per share, against 789 million dollars, or 4.73 dollars per share a year ago.
Excluding non-recurrent items, EPS reached 5.24 dollars, up 46 cents relative to the second quarter of 2016, although below the consensus of 5.39 dollars.
Meanwhile, revenues reached 2.97 billion dollars, compared to 2.8 billion dollars the year before, while analysts were expecting 3 billion dollars.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The US asset management specialist posted net income of 857 million dollars, or 5.22 dollars per share, against 789 million dollars, or 4.73 dollars per share a year ago.
Excluding non-recurrent items, EPS reached 5.24 dollars, up 46 cents relative to the second quarter of 2016, although below the consensus of 5.39 dollars.
Meanwhile, revenues reached 2.97 billion dollars, compared to 2.8 billion dollars the year before, while analysts were expecting 3 billion dollars.
Copyright (c) 2017 CercleFinance.com. All rights reserved.