Key Takeaways
- • BlackRock reported better-than-expected third-quarter earnings, with assets under management reaching $15.5 trillion.
- • Revenue rose 19% year over year to $7.75 billion.
- • Adjusted operating income climbed 27% year over year to $3.33 billion.
- • Adjusted earnings of $15.93 per share exceeded analysts' expectations.
- • The headline attributes 'accelerating momentum' to the CEO, pointing to continued growth in the firm's business.
Summary
BlackRock reported better-than-expected third-quarter earnings, with assets under management reaching $15.5 trillion, according to the publisher's summary of the results. Revenue increased 19% year over year to $7.75 billion, while adjusted operating income rose 27% to $3.33 billion.
Adjusted earnings of $15.93 per share exceeded analysts' expectations. The publisher summary says the results were supported by strong performance, but the source text is truncated and does not provide further detail on the segment or product drivers behind the results.
The headline characterizes CEO commentary as signaling 'accelerating momentum.' Full management quotations were not available in the source material reviewed, so any outlook should be read alongside the reported figures.
Adjusted earnings of $15.93 per share exceeded analysts' expectations. The publisher summary says the results were supported by strong performance, but the source text is truncated and does not provide further detail on the segment or product drivers behind the results.
The headline characterizes CEO commentary as signaling 'accelerating momentum.' Full management quotations were not available in the source material reviewed, so any outlook should be read alongside the reported figures.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.