BlackRock: Q3 earnings beat consensus
(CercleFinance.com) - On Thursday BlackRock reported a 19% increase in quarterly profit, beating expectations as the world's largest fund manager benefited from strong demand for environmental, social and governance (ESG) investments.
Q3 earnings came in at 1.69 billion dollars, up 19% from the 1.42 billion dollars posted a year ago, or 10.95 dollars per share (vs. 9.22 dollars a year ago): quarterly EPS was well above the consensus of 9.35 dollars.
BlackRock - which managed 9.5 trillion dollars in assets at the end of Q3, up from 7.8 trillion dollars the previous quarter - said its revenue rose 16% over the quarter to 5.05 billion dollars.
The stock was up 1.7% in pre-market trading and has increased by up about 16% YTD.
Copyright (c) 2021 CercleFinance.com. All rights reserved.
Q3 earnings came in at 1.69 billion dollars, up 19% from the 1.42 billion dollars posted a year ago, or 10.95 dollars per share (vs. 9.22 dollars a year ago): quarterly EPS was well above the consensus of 9.35 dollars.
BlackRock - which managed 9.5 trillion dollars in assets at the end of Q3, up from 7.8 trillion dollars the previous quarter - said its revenue rose 16% over the quarter to 5.05 billion dollars.
The stock was up 1.7% in pre-market trading and has increased by up about 16% YTD.
Copyright (c) 2021 CercleFinance.com. All rights reserved.