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Blackrock Inc. Q2 Income Rises 8%

Blackrock Inc. (BLK) released a profit for its second quarter that climbed from last year.

The company said its bottom line came in at $860 million, or $5.24 per share. This was higher than $797 million, or $4.78 per share, in last year's second quarter.

Analysts had expected the company to earn $5.39 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 6.1% to $2.97 billion. This was up from $2.80 billion last year.

Blackrock Inc. earnings at a glance:

-Earnings (Q2): $860 Mln. vs. $797 Mln. last year.
-Earnings Growth (Y-o-Y): 7.9%
-EPS (Q2): $5.24 vs. $4.78 last year.
-EPS Growth (Y-o-Y): 9.6%
-Analysts Estimate: $5.39
-Revenue (Q2): $2.97 Bln vs. $2.80 Bln last year.
-Revenue Change (Y-o-Y): 6.1%

by RTT Staff Writer

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