BlackRock: 4Q Earnings Snapshot

NEW YORK (AP) _ BlackRock Inc. (BLK) on Wednesday reported fourth-quarter net income of $927 million.

On a per-share basis, the New York-based company said it had net income of $5.78. Earnings, adjusted for restructuring costs, were $6.08 per share.

The results missed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $6.35 per share.

The investment firm posted revenue of $3.43 billion in the period, which met Street forecasts.

For the year, the company reported profit of $4.31 billion, or $26.58 per share. Revenue was reported as $14.2 billion.

BlackRock shares have risen 2 percent since the beginning of the year, while the Standard & Poor's 500 index has increased 4 percent. The stock has dropped 29 percent 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