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Tuesday, April 16, 2019

=BlackRock (BLK) reported earnings on Tue 16 Apr 2019 (b/o)

BlackRock beats by $0.48, beats on revs
  • Reports Q1 (Mar) earnings of $6.61 per share, excluding non-recurring items, $0.48 better than the S&P Capital IQ Consensus of $6.13; revenues fell 6.6% year/year to $3.35 bln vs the $3.3 bln S&P Capital IQ Consensus.
  • AUM +2% yr/yr to $6.515 tln. $65 billion of quarterly total net inflows, or 4% organic asset growth, positive across index, active and cash management strategies.

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