Blackrock Inc. Q1 adjusted earnings Beat Estimates

(RTTNews) - Blackrock Inc. (BLK) announced a profit for first quarter that fell from the same period last year.

The company's bottom line totaled $0.81 billion, or $5.15 per share. This compares with $1.05 billion, or $6.61 per share, in last year's first quarter.

Excluding items, Blackrock Inc. reported adjusted earnings of $1.03 billion or $6.60 per share for the period.

Analysts had expected the company to earn $6.39 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 10.7% to $3.71 billion from $3.35 billion last year.

Blackrock Inc. earnings at a glance:

-Earnings (Q1): $1.03 Bln. vs. $1.05 Bln. last year. -EPS (Q1): $6.60 vs. $6.61 last year. -Analysts Estimate: $6.39 -Revenue (Q1): $3.71 Bln vs. $3.35 Bln last year.