BlackRock Q4 Adj $9.66 Beats $8.84 Estimate, Sales $4.63B Beat $4.61B Estimate
Portfolio Pulse from Benzinga Newsdesk
BlackRock Inc. (BLK) reported Q4 adjusted earnings of $9.66 per share, surpassing the consensus estimate of $8.84, and representing an 8.17% increase from the previous year. Quarterly sales were $4.63 billion, slightly above the $4.61 billion estimate, marking a 6.78% increase from the same period last year.
January 12, 2024 | 11:02 am
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BlackRock's Q4 earnings and sales exceeded analyst estimates, with earnings per share up 8.17% from last year and sales up 6.78%.
BlackRock's reported earnings and sales not only beat analyst expectations but also showed significant year-over-year growth. This positive earnings report is likely to instill investor confidence and could lead to a short-term uptick in BLK's stock price.
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RELEVANCE 100