BlackRock Q1 Profit Beats Estimates - Quick Facts

(RTTNews) - BlackRock Inc. (BLK) reported that its first-quarter net income attributable to company increased to $756 million from $632 million, a year ago. Earnings per share was $4.40, compared to $3.62. Net income attributable to BlackRock, as adjusted, was $762 million or $4.43 per share, for the quarter.

On average, 19 analysts polled by Thomson Reuters expected the company to report profit per share of $4.14 for the quarter. Analysts' estimates typically exclude special items.

Total revenue increased to $2.67 billion from $2.45 billion, previous year. Analysts expected revenue of $2.66 billion for the quarter.

The company recorded 12% AUM growth from the first quarter of prior year.