Categories AlphaGraphs, Earnings, Finance
BLK Earnings: BlackRock reports double-digit growth in Q1 revenue and profit
BlackRock, Inc. (NYSE: BLK) Friday reported a sharp increase in adjusted profit for the first quarter of 2024 when the asset management company’s revenues grew 11%.
First-quarter adjusted earnings increased to $9.81 per share from $7.93 per share in the comparable period of 2023. On an unadjusted basis, net income attributable to shareholders was $1.57 billion or $10.48 per share in Q1, compared to $1.16 billion or $7.64 per share in the prior-year period.
Total revenue increased 11% year-over-year to $4.73 billion in the March quarter. Organic asset and base fee growth accelerated into the end of the quarter, and long-term net inflows came in at $76 billion.
“BlackRock’s momentum continues to build, with accelerating client activity and line of sight into the funding of significant wealth, institutional, and Aladdin mandates,” said 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
Key highlights from Deere & Co.’s (DE) Q4 2024 earnings results
Deere & Company (NYSE: DE) reported its fourth quarter 2024 earnings results today. Worldwide net sales and revenues decreased 28% year-over-year to $11.14 billion. Net income was $1.24 billion, or
NVDA Earnings: Nvidia Q3 profit jumps, beats estimates
NVIDIA Corporation (NASDAQ: NVDA) on Wednesday reported a sharp increase in adjusted profit and revenue for the third quarter of 2025. Earnings also topped analysts' estimates. The tech firm’s revenues
Lowe’s Companies (LOW): A few points to note about the Q3 2024 performance
Shares of Lowe’s Companies, Inc. (NYSE: LOW) rose over 1% on Wednesday. The stock has gained 8% over the past three months. The company delivered better-than-expected earnings results for the
