Blackrock Inc. Q4 adjusted earnings of $6.08 per share

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

The company's profit totaled $0.93 billion, or $5.78 per share. This compares with $2.30 billion, or $14.01 per share, in last year's fourth quarter.

Excluding items, Blackrock Inc. reported adjusted earnings of $0.98 billion or $6.08 per share for the period.

The company's revenue for the quarter fell 8.8% to $3.43 billion from $3.76 billion last year.

Blackrock Inc. earnings at a glance:

-Earnings (Q4): $0.98 Bln. vs. $1.01 Bln. last year. -EPS (Q4): $6.08 vs. $6.19 last year. -Revenue (Q4): $3.43 Bln vs. $3.76 Bln last year.