BlackRock: Fourth Quarter Earnings Overview

BlackRock Reports Strong Fourth-Quarter Earnings

BlackRock, Inc., headquartered in New York, announced on Thursday that it achieved a net profit of $1.13 billion for the fourth quarter.

The company reported earnings of $7.16 per share. When excluding one-time expenses and costs from mergers and acquisitions, adjusted earnings reached $13.16 per share.

These results surpassed analyst expectations, as the consensus from seven analysts polled by Zacks Investment Research had projected earnings of $12.39 per share.

During the quarter, BlackRock generated $7.01 billion in revenue, outperforming forecasts. Analysts surveyed by Zacks had anticipated revenue of $6.75 billion.

For the full year, BlackRock recorded a profit of $5.55 billion, or $35.31 per share, with total revenue amounting to $24.22 billion.

Since the start of the year, BlackRock’s stock has increased by 2%, compared to a 1% rise in the S&P 500 index. Over the past year, the company’s shares have gained 13%.