BlackRock (NYSE:BLK) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
BlackRock announced earnings per share of $6.6 on revenue of $3.71B. Analysts polled by anticipated EPS of $6.38 on revenue of $3.65B. That with comparison to EPS of $6.61 on revenue of $3.35B in the same period a year before. BlackRock had reported EPS of $8.34 on revenue of $3.98B in the previous quarter. Analysts are expecting EPS of $6.35 and revenue of $3.48B in the upcoming quarter.
BlackRock shares are down 11% from the beginning of the year , still down 23.19% from its 52 week high of $576.81 set on February 12. They are outperforming the S&P 500 which is down 14.22% year to date.
BlackRock follows other major Financial sector earnings this month
BlackRock's report follows an earnings missed by JPMorgan on Tuesday, who reported EPS of $0.78 on revenue of $29.07B, compared to forecasts EPS of $2.28 on revenue of $29.53B.
UnitedHealth had beat expectations on Wednesday with first quarter EPS of $3.72 on revenue of $64.42B, compared to forecast for EPS of $3.63 on revenue of $64.18B.
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