BlackRock Q2 2024 Adj EPS $10.36 Beats $9.93 Estimate, Sales $4.805B Miss $4.849B Estimate
Portfolio Pulse from Benzinga Newsdesk
BlackRock (NYSE:BLK) reported Q2 2024 adjusted EPS of $10.36, beating the $9.93 estimate, while sales of $4.805 billion missed the $4.849 billion estimate. EPS increased by 11.64% year-over-year, and sales grew by 7.66% year-over-year.
July 15, 2024 | 10:02 am
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BlackRock's Q2 2024 earnings per share (EPS) of $10.36 beat the analyst estimate of $9.93, showing strong profitability. However, sales of $4.805 billion missed the $4.849 billion estimate, indicating a slight revenue shortfall. Despite the mixed results, the significant year-over-year growth in both EPS and sales is a positive indicator for the company's performance.
The beat on EPS suggests strong profitability, which is a positive signal for investors. The slight miss on sales is less concerning given the overall year-over-year growth. The market is likely to react positively in the short term due to the strong EPS performance.
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