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BlackRock: 4Q Earnings Snapshot

·1 min read

NEW YORK (AP) _ BlackRock Inc. (BLK) on Thursday reported fourth-quarter earnings of $1.55 billion.

On a per-share basis, the New York-based company said it had net income of $10.02. Earnings, adjusted for non-recurring costs, were $10.18 per share.

The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $9.17 per share.

The investment firm posted revenue of $4.48 billion in the period.

For the year, the company reported profit of $4.93 billion, or $31.85 per share. Revenue was reported as $16.2 billion.

BlackRock shares have risen 8% since the beginning of the year, while the Standard & Poor's 500 index has risen slightly more than 1%. The stock has increased 49% 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