logo
  

BlackRock Q4 Profit Rises 19%, Results Top Estimates - Quick Facts

BlackRock, Inc. (BLK) reported that its second-quarter net income increased to $1.55 billion or $10.02 per share from $1.30 billion or $8.29 per share in the year-ago quarter.

Excluding items, adjusted net income for the quarter was $1.57 billion or $10.18 per share, compared to $1.31 billion or $8.34 per share in the prior-year quarter.

Total revenue for the quarter increased 13 percent to $4.48 billion from $3.98 billion in the same quarter last year.

On average, analysts polled by Thomson Reuters expected the company to report earnings of $9.14 per share on revenues to $4.30 billion for the quarter. Analysts' estimates typically exclude special items.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Primal Pet Foods is recalling a single lot of Raw Frozen Primal Patties for Dogs Beef Formula due to potential contamination with Listeria monocytogenes, the U.S. Food and Drug Administration said. The recall involves lot #W10068709 of 6-pound Raw Frozen Primal Patties with best by date of 05/22/23. The Raw Frozen Primal Patties are sold in flexible packaging in the freezer at select pet stores. The U.S. Food and Drug Administration has authorized state-licensed pharmacists to prescribe COVID-19 pill Paxlovid (nirmatrelvir and ritonavir) by drug major Pfizer Inc. to eligible patients, with certain limitations. The agency has revised the Emergency Use Authorization or EUA for Paxlovid for the authorization, which could improve access for some patients at high risk for severe covid-19. Retail major Walmart's popular InHome direct-to-fridge delivery service is now available as an optional add-on within its membership plan Walmart+. Walmart also launched InHome service, which delivers groceries straight to one's fridge, in several new markets including Miami, Tampa, Orlando, Dallas, Austin, San Jose and San Francisco.
Follow RTT