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.