BlackRock Inc. (BLK) reported that its first-quarter net income attributable to the company increased to $632 million or $3.62 per share, from $572 million or $3.14 per share in the same quarter last year.
Allocation of net income, as adjusted, to common shares increased to $637 million from $574 million in the prior year. Adjusted net income was $3.65 per share, compared to $3.16 per share last year. Analysts polled by Thomson Reuters expected the company to report earnings of $3.58 per share for the quarter. Analysts' estimates typically exclude special items.
The first quarter 2013 as adjusted results included $33 million of compensation and severance costs associated with the alignment of staffing with the Company's strategic priorities and growth opportunities. First quarter 2013 results also included $18 million of launch costs for the $700 million Multi-Sector Income Trust launched in February 2013.
Total revenues for the quarter rose to $2.45 billion from $2.25 billion in the prior year quarter. Sixteen analysts had consensus revenue estimate of $2.44 billion for the quarter.
Revenue increased 9% from the first quarter 2012, reflecting growth in markets, long-dated net new business and higher performance fees. Compared with fourth quarter 2012, revenue reflected 2% growth in base fees despite two fewer revenue days and seasonally lower performance fees.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.