Asset management company BlackRock, Inc. (NYSE: BLK) announced financial results for the second quarter of 2023, reporting higher earnings and a modest dip in revenues.
Total revenue decreased 1% year-over-year to $4.46 billion, mainly driven by the impact of market movements over the past twelve months on average AUM. Total assets under management as of the second quarter were $9.43 trillion. Long-term net flows totaled $56.69 billion.
Second-quarter adjusted earnings increased to $9.28 per share from $7.36 per share in the comparable period of 2022. Unadjusted income was $1.37 billion or $9.06 per share, compared to $1.08 billion or $7.06 per share in the prior-year period.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
_________________________________________________________________________________________________________________
Most Popular
After a positive year, what’s in the cards for Electronic Arts (EA) in FY25
Electronic Arts (NASDAQ: EA) ended fiscal 2024 on a mixed note, reporting lower revenues and improved bottom-line performance for the fourth quarter. The stock declined following the announcement as earnings
A look at how Disney’s (DIS) entertainment business performed in Q2 2024
Shares of the Walt Disney Company (NYSE: DIS) stayed green on Wednesday. The stock has gained 16% year-to-date. The company recorded revenue and earnings growth for the second quarter of
Uber Technologies reports wider loss for Q1 2024; revenue up 15%
Uber Technologies, Inc. (NYSE: UBER) on Wednesday reported a wider net loss for the first quarter of 2024. Revenues of the ride-sharing giant increased 15% during the three months. Net