BlackRock: quarterly EPS well above expectations
(CercleFinance.com) - BlackRock reported adjusted net profit up 27% for the past quarter to 1.
42 billion dollars, or 9.22 dollars per share, representing an EPS of approximately 1.50 dollars more than analysts' average estimates.
The asset management giant's adjusted operating margin improved by one point to 47% for revenues rising 18% to 4.37 billion dollars, whilst its average managed assets increased 11% to 7,678 billion.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
42 billion dollars, or 9.22 dollars per share, representing an EPS of approximately 1.50 dollars more than analysts' average estimates.
The asset management giant's adjusted operating margin improved by one point to 47% for revenues rising 18% to 4.37 billion dollars, whilst its average managed assets increased 11% to 7,678 billion.
Copyright (c) 2020 CercleFinance.com. All rights reserved.