BlackRock Q3 EPS Jumps 25% to $10.57, Revenue Up 19%
BLK sits 20% above its 52-week low of $917.39.
Summary
BlackRock reported Q3 GAAP EPS of $10.57, up from $8.43 a year ago, on revenue of $7.752 billion, a 19.1% increase. Adjusted EPS came in at $15.93. Net income rose to $1.659 billion from $1.323 billion. This follows the earlier report that AUM hit a record $15.5 trillion, and the detailed income statement confirms strong operating leverage. The results beat the prior quarter's $12.19 diluted EPS and show accelerating revenue growth from the 31% pace in Q2. Q3 earnings topped consensus on strong performance fees and technology revenue growth.
Updates
· SEC 8-K — The 8-K attaches the earnings release and supplement; Q3 adjusted EPS was $15.93, up 38% year-over-year, with $205 billion of net inflows and $15.5 trillion AUM.
At the time of this announcement, BLK was trading at $1,103.00 on NYSE in the Finance sector, with a market capitalization of approximately $173.2B. The 52-week trading range was $917.39 to $1,219.94. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: dpa-AFX.