Categories AlphaGraphs, Earnings, Finance
BLK Earnings: BlackRock reports higher revenue and profit for Q4 2023
Asset management company BlackRock, Inc. (NYSE: BLK) reported an increase in revenues and adjusted profit for the fourth quarter of 2023.
Total revenue increased 7% year-over-year to $4.63 billion in the December quarter. Clients entrusted total net inflows of $96 billion with the company in the fourth quarter and $289 billion in the whole of fiscal 2023.
Fourth-quarter adjusted earnings increased to $9.66 per share from $8.93 per share in the comparable period of 2022. On an unadjusted basis, net income attributable to shareholders was $1.38 billion or $9.15 per share in Q4, compared to $1.26 billion or $8.29 per share in the prior-year period.
“BlackRock delivered differentiated organic growth and operating margin through historically challenging market and industry conditions in 2022 and 2023. As we’ve seen before, when investors were ready to put money back to work, they did it with BlackRock,” 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
Costco (COST) reports strong growth in Q1 FY26 earnings; revenue up 8%
Costco Wholesale Corporation (NASDAQ: COST) has reported an increase in net income for the first quarter of fiscal 2026. Revenues grew 8.3% year-over-year. The Issaquah, Washington-headquartered warehouse giant’s total revenues
AVGO Earnings: Broadcom reports higher Q4 FY25 revenue, profit; results beat
Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) on Thursday reported an increase in revenue and adjusted earnings for the fourth quarter of fiscal 2025. The numbers also surpassed analysts' expectations. Adjusted
Lamb Weston (LW) is set to report Q2 2026 earnings next week, here’s what to look for
Shares of Lamb Weston Holdings, Inc. (NYSE: LW) rose over 1% on Thursday. The stock has gained 4% over the past three months. The French fry giant is slated to
