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BlackRock (BLK) Beats on Q1 Earnings Despite Lower Revenues
BlackRock, Inc.’s (BLK - Free Report) first-quarter 2019 adjusted earnings of $6.61 per share surpassed the Zacks Consensus Estimate of $6.20. However, the figure was 1.3% lower than the year-ago quarter’s number.
Results benefited from a decline in expenses and higher assets under management (AUM). However, lower revenues acted as a headwind.
Net income (on a GAAP basis) was $1.05 billion, decreasing 3.3% from the prior-year quarter.
Revenues & Expenses Decline
Revenues for the reported quarter (on a GAAP basis) were $3.35 billion, declining 6.6% year over year.
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https://www.zacks.com/stock/news/381416/...r-revenues
![[Bild: BLKc1dl1545.png]](https://finviz.com/publish/041619/BLKc1dl1545.png)
BlackRock, Inc.’s (BLK - Free Report) first-quarter 2019 adjusted earnings of $6.61 per share surpassed the Zacks Consensus Estimate of $6.20. However, the figure was 1.3% lower than the year-ago quarter’s number.
Results benefited from a decline in expenses and higher assets under management (AUM). However, lower revenues acted as a headwind.
Net income (on a GAAP basis) was $1.05 billion, decreasing 3.3% from the prior-year quarter.
Revenues & Expenses Decline
Revenues for the reported quarter (on a GAAP basis) were $3.35 billion, declining 6.6% year over year.
...
https://www.zacks.com/stock/news/381416/...r-revenues
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