Categories AlphaGraphs, Earnings, Finance
BLK Earnings: BlackRock reports better-than-expected Q3 2024 results
Asset management company BlackRock, Inc. (NYSE: BLK) on Friday reported higher revenues and adjusted profit for the third quarter of 2024, which also came in above Wall Street’s projections.
Third-quarter adjusted earnings increased to $11.46 per share from $10.91 per share in the comparable period of 2023, exceeding estimates. On an unadjusted basis, net income attributable to shareholders was $1.63 billion or $10.90 per share in Q3, compared to $1.60 billion or $10.66 per share in the prior year period.
Total revenue increased 15% year-over-year to $5.20 billion in the September quarter. The top line benefitted from the positive impact of markets on average AUM, organic base fee growth, and higher performance fees. Long-term assets under management were $10.63 trillion.
“We are effectively leveraging our technology, scale, and global footprint to deliver profitable growth. Quarterly revenue and operating income both set new records, up 15% and 26% year-over-year, respectively,” said Blackrock’s CEO Laurence Fink.
Prior Performance
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
CCL Earnings: Carnival Corp. Q4 2024 revenue rises 10%
Carnival Corporation & plc. (NYSE: CCL) Friday reported strong revenue growth for the fourth quarter of 2024. The cruise line operator reported a profit for Q4, compared to a loss
Key metrics from Nike’s (NKE) Q2 2025 earnings results
NIKE, Inc. (NYSE: NKE) reported total revenues of $12.4 billion for the second quarter of 2025, down 8% on a reported basis and down 9% on a currency-neutral basis. Net
FDX Earnings: FedEx Q2 2025 adjusted profit increases; revenue dips
Cargo giant FedEx Corporation (NYSE: FDX), which completed an organizational restructuring recently, announced financial results for the second quarter of 2025. Second-quarter earnings, excluding one-off items, were $4.05 per share,
