Categories AlphaGraphs, Earnings, Finance
Infographic: Highlights BlackRock’s Q3 2022 earnings report
Asset management company BlackRock, Inc. (NYSE: BLK) on Thursday announced financial results for the third quarter of 2022, reporting a double-digit decline in revenues and earnings.
Total revenue decreased 15% year-over-year to $4.31 billion, mainly due to the impact of significantly lower markets and dollar appreciation on average AUM and lower performance fees. Total long-term assets under management as of the third quarter were $7.96 trillion, down 16% year-over-year. Long-term net inflows amounted to $65 billion.
Third-quarter adjusted earnings dropped to $9.55 per share from $11.34 per share in the comparable period of 2021. Unadjusted income was $1.41 billion or $9.25 per share, compared to $1.68 billion or $10.89 per share in the prior-year period.
Check this space to read management/analysts’ comments on BlackRock’s Q3 2022 earnings
“Our wide range of investment offerings, leading technology platform, whole portfolio approach, and global insights are resonating deeply as clients seek partners to help them build stronger, more resilient portfolios that meet their long-term investment goals,” said BlackRock’s CEO Laurence Fink.
Prior Performance
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
These fast-food stocks can strengthen your portfolio this year. Here’s why
For American restaurant chains, the early months of the pandemic were a challenging period. But soon things changed for the better as people started ordering their favorite food items online
What to expect when McCormick & Company (MKC) reports Q1 results next week
Shares of McCormick & Company, Incorporated (NYSE: MKC) were up over 2% on Friday. The stock has dropped 12% year-to-date. The condiments manufacturer is scheduled to report its first quarter 2023
KB Home (KBH) Earnings: 1Q23 Key Numbers
KB Home (NYSE: KBH) reported total revenues of $1.38 billion for the first quarter of 2023 which was relatively flat compared to the same period last year. Net income of