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BlackRock: 2Q Earnings Snapshot

July 19, 2019

NEW YORK (AP) _ BlackRock Inc. (BLK) on Friday reported second-quarter net income of $1 billion.

On a per-share basis, the New York-based company said it had net income of $6.41.

The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $6.52 per share.

The investment firm posted revenue of $3.52 billion in the period, which also did not meet Street forecasts. Three analysts surveyed by Zacks expected $3.55 billion.

BlackRock shares have risen 21% since the beginning of the year, while the Standard & Poor’s 500 index has risen 19%. The stock has dropped 7% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BLK at https://www.zacks.com/ap/BLK

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