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
LW Earnings: Key quarterly highlights from Lamb Weston’s Q3 2025 financial results
Lamb Weston Holdings, Inc. (NYSE: LW) reported its third quarter 2025 earnings results today. Net sales increased 4% to $1.52 billion compared to the same period a year ago. Net
CAG Earnings: Highlights of Conagra Brands’ Q3 2025 report
Conagra Brands, Inc. (NYSE: CAG), a leading provider of consumer packaged goods, reported a decrease in net sales and adjusted earnings for the third quarter of 2025. Net sales were
Fastenal Company (FAST) looks poised for a mixed start to FY25
Fastenal Company (NASDAQ: FAST) will report its first-quarter results on April 11, at 6:50 am ET. The company has been investing heavily to expand its digital footprint lately, and it
