BlackRock shares rise as Q3 earnings and revenue beat expectations
BLK Blackrock Inc
$1066.12 -1.64%
View chart & analysis → - 1BlackRock shares rose 4% in Wednesday pre-market trading.
- 2BlackRock's adjusted net income of $2.62 billion for Q3 exceeded analysts' expected EPS of $14.15.
- 3BlackRock saw $205.5 billion in net new client assets during the quarter.
So what's the key point?
BlackRock earned more profit than experts expected. The stock price rose as $205.5 billion in new investment funds flowed in.
Source Barrons.com +7 · View original ↗
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