BlackRock Inc. (NYSE: BLK) reported second quarter 2020 earnings results today.
Revenue increased 4% year-over-year to $3.6 billion, driven by growth in performance fees and technology services revenue.
Net income grew 21% to $1.2 billion while EPS, both on a reported and adjusted basis, rose 22% to $7.85. The growth in EPS reflects higher non-operating income, a lower effective tax rate and a lower diluted share count.
Assets under management increased 7% to $7.3 trillion. Total net inflows amounted to $100.2 billion.
Aurora Cannabis, Inc. (NYSE: ACB) reported a wider loss for the fourth quarter of 2020, hurt by a 5% decrease in revenues. The company’s stock fell sharply during Tuesday’s after-hours
Stitch Fix (NASDAQ: SFIX) reported fourth-quarter 2020 financial results after the closing bell on Tuesday. The company reported an 11% increase in Q4 revenues to $443.4 million, beating Wall Street
Nike Inc.'s (NYSE: NKE) profit and revenue in the first quarter of fiscal 2021 surpassed the market's estimates and sent the NKE stock up by about 7% in the extended