Blackrock Inc. Q3 Earnings Advance 1%

(RTTNews) - Blackrock Inc. (BLK) released a profit for its third quarter that increased from last year.

The company said its bottom line advanced to $854 million, or $5.14 per share. This was up from $844 million, or $5.00 per share, in last year's third quarter.

Analysts had expected the company to earn $4.98 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 2.4% to $2.84 billion. This was down from $2.91 billion last year.

Blackrock Inc. earnings at a glance:

-Earnings (Q3): $854 Mln. vs. $844 Mln. last year. -Earnings Growth (Y-o-Y): 1.2% -EPS (Q3): $5.14 vs. $5.00 last year. -EPS Growth (Y-o-Y): 2.8% -Analysts Estimate: $4.98 -Revenue (Q3): $2.84 Bln vs. $2.91 Bln last year. -Revenue Change (Y-o-Y): -2.4%