Shares in BlackRock (NYSE:BLK) saw a modest rise of 1% in pre-market today following the release of its fiscal Q2/24 results.
The company reported an EPS of $10.36, surpassing the Street estimate of $9.95. Revenue, however, fell short at $4.81 billion compared to the expected $4.85 billion, though it marked an 8% year-over-year increase.
BlackRock's assets under management reached $10.65 trillion, up 13% year-over-year but slightly below the anticipated $10.73 trillion. Net inflows totaled $81.57 billion, reflecting a 1.8% year-over-year increase but falling short of the $101.24 billion estimate. The company's adjusted operating margin improved to 44.1%, surpassing both the previous year's 42.5% and the forecasted 42.7%. Equity net inflows were notably low at $6.44 billion, significantly below the projected $31.85 billion.