BlackRock Earnings, Revenue Beat in Q3

imageStock Markets6 minutes ago (Oct 13, 2021 06:16AM ET)

(C) Reuters. BlackRock Earnings, Revenue Beat in Q3

Investing.com – BlackRock (NYSE:BLK) reported on Wednesday third quarter earnings that beat analysts’ forecasts and revenue that topped expectations.

BlackRock announced earnings per share of $10.95 on revenue of $5.05B. Analysts polled by Investing.com anticipated EPS of $9.6 on revenue of $4.82B.

BlackRock shares are up 15% from the beginning of the year, still down 12.89% from its 52 week high of $959.89 set on August 30. They are under-performing the S&P 500 which is up 15.83% from the start of the year.

BlackRock follows other major Financial sector earnings this month

BlackRock’s report follows an earnings beat by Jefferies Financial on September 30, who reported EPS of $1.5 on revenue of $1.94B, compared to forecasts EPS of $0.9933 on revenue of $1.74B.

Pinnacle had beat expectations on Wednesday with third quarter EPS of $1.75 on revenue of $341.64M, compared to forecast for EPS of $1.55 on revenue of $324.38M.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar

BlackRock Earnings, Revenue Beat in Q3

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