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
CL Earnings: Key quarterly highlights from Colgate-Palmolive’s Q2 2024 financial results
Colgate-Palmolive Company (NYSE: CL) reported its second quarter 2024 earnings results today. Net sales increased 4.9% year-over-year to $5 billion. Organic sales increased 9%. Net income attributable to Colgate-Palmolive Company was $731
Key takeaways from Visa’s Q3 2024 earnings report
Credit card behemoth Visa, Inc. (NYSE: V) this week reported mixed results for the June quarter, with earnings matching expectations and sales slightly missing the view. Both numbers grew in
Southwest Airlines (LUV): A look at the airline’s performance in Q2 2024
Shares of Southwest Airlines Co. (NYSE: LUV) were up over 6% on Thursday after the company beat earnings estimates for the second quarter of 2024. The stock has gained 4%
