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During the April-June timeframe, the company's net earnings amounted to $1.91 billion, or $12.19 per share, in contrast to $1.59 billion, or $10.19 per share, from the previous year.
Earnings excluding non-recurring items rose to $13.91 per share compared to $12.05 per share the previous year. Analysts polled by FactSet anticipated, on average, $12.67 per share.
Quarterly revenue reached $7.08 billion, an increase from $5.42 billion the previous year, surpassing the expert average estimate of $6.86 billion.
From April to June, BlackRock funds experienced net investor inflows amounting to $192 billion, with a total of $321 billion year-to-date.
The firm's assets under management surged 22% to a historic $15.34 trillion as of June 30, surpassing the prediction of $15.19 trillion.
In the previous quarter, the firm bought back $450 million of its own stock. This quarter, the total will rise to $550 million.
source: bloomberg.com
Earnings excluding non-recurring items rose to $13.91 per share compared to $12.05 per share the previous year. Analysts polled by FactSet anticipated, on average, $12.67 per share.
Quarterly revenue reached $7.08 billion, an increase from $5.42 billion the previous year, surpassing the expert average estimate of $6.86 billion.
From April to June, BlackRock funds experienced net investor inflows amounting to $192 billion, with a total of $321 billion year-to-date.
The firm's assets under management surged 22% to a historic $15.34 trillion as of June 30, surpassing the prediction of $15.19 trillion.
In the previous quarter, the firm bought back $450 million of its own stock. This quarter, the total will rise to $550 million.
source: bloomberg.com