• 67
  • Comment
  • Favorite

BlackRock Profit Beats Estimates As Funds Attract Inflows

Tiger Newspress2022-04-13

BlackRock shares rose fractionally higher in pre-open trading Wednesday following earnings that beat the bottom line consensus but missed slightly on the top line as inflows held strong despite the volatile market that hurt performance fees.

The fund manager reported that adjusted EPS rose 18% to $9.52, topping the consensus of $8.84. Revenue rose 7% to $4.699 billion, just below the consensus of $4.73 billion. Revenue was driven by strong organic and technology services growth, offset by lower performance fees.

The company generated $114 billion of long-term net inflows in the first quarter, while $86 billion of quarterly total net inflows. Pacer Swan SOS Fund of Funds ETF|ETFs delivered $56 billion of net inflows.

BlackRock repurchased $500 million in stock in the quarter and raised its dividend by 18% to $4.88 per share.

The stock rose fractionally higher in pre-open trading Wednesday.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

  • Evey77
    ·2022-04-13
    With the price falling, is it a good time to buy now?
    Reply
    Report
  • mohjoejoejoe
    ·2022-04-13
    Ok
    Reply
    Report
  • Hugo boss
    ·2022-04-13
    Okokgood
    Reply
    Report
  • Larry Wong
    ·2022-04-13
    Ok
    Reply
    Report
  • edwinong
    ·2022-04-13
    Like
    Reply
    Report
  • Fireweed
    ·2022-04-13
    Yeah 
    Reply
    Report
 
 
 
 

Most Discussed

 
 
 
 
 

7x24

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email:uservice@ttm.financial