BlackRock Q2 EPS $9.28 Beats $8.46 Estimate, Sales $4.46B Miss $4.47B Estimate. AUM +11% to $9.425T
Portfolio Pulse from Benzinga Newsdesk
BlackRock (NYSE:BLK) reported Q2 earnings of $9.28 per share, beating the analyst consensus estimate of $8.46 by 9.69%. This is a 26.09% increase from the same period last year. However, the company's quarterly sales of $4.46 billion missed the analyst consensus estimate of $4.47 billion by 0.16%. This is a 1.39% decrease from the same period last year. The company's AUM increased by 11% to $9.425T.
July 14, 2023 | 10:17 am
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POSITIVE IMPACT
BlackRock's Q2 earnings beat estimates, but sales missed slightly. AUM increased by 11%.
BlackRock's earnings beat estimates, which is positive for the stock. However, the slight miss on sales could temper the positive impact. The increase in AUM is also a positive sign, indicating growth in the company's managed assets.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100