Asset management company BlackRock, Inc. (NYSE: BLK) announced financial results for the third quarter of 2023, reporting higher earnings and revenues.
Total revenue increased 5% year-over-year to $4.52 billion, reflecting organic growth and the impact of market movements over the past twelve months on average AUM and higher technology services revenue. Long-term net flows were (-) $13billion.
Third-quarter adjusted earnings increased to $10.91 per share from $9.55 per share in the comparable period of 2022. Unadjusted income was $1.60 billion or $10.66 per share, compared to $1.41 billion or $9.25 per share in the prior-year period.
Prior Performance
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
QCOM Earnings: Qualcomm Q2 2024 revenue and profit beat Street view
Semiconductor company Qualcomm, Inc. (NASDAQ: QCOM) reported an increase in earnings and revenues for the second quarter of 2024. The numbers came in above analysts' estimates. At $9.39 billion, March-quarter
Key takeaways from Amazon’s Q1 2024 earnings report
Amazon.com Inc. (NASDAQ: AMZN) had an upbeat start to fiscal 2024, delivering strong growth across the business in the first three months of the year. While the cloud segment continues
Key takeaways from Pfizer’s (PFE) Q1 2024 earnings report
Shares of Pfizer Inc. (NYSE: PFE) gained over 5% on Wednesday following the company’s announcement of its first quarter 2024 earnings results. Although the top and bottom line numbers decreased