BlackRock, Inc. (BLK) Q2 Tops EPS Estimates, But Misses On Revenue

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HFA Staff
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BlackRock, Inc. (NYSE:BLK), the world’s largest fund manager by assets, reported its earnings for the three months through June 2013 this morning before the markets opened. The company showed earnings of $4.15 per share on revenue of $2.48 billion for the three month period. BlackRock, Inc. (NYSE:BLK) stock closed at $272.29 per share on yesterday’s market. In the run up to the earnings announcement, analysts following the investment vehicle were looking for earnings of $3.82 per share on revenue of $2.49 billion. In the second quarter of 2012, the company earned $3.10 per share on revenue of $2.2 billion. The firm’s…

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The post above is drafted by the collaboration of the Hedge Fund Alpha Team.