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Stock impact report

BlackRock Stock Gains on Q1 Earnings Beat, Revenues & AUM Rise Y/Y [Yahoo! Finance]

Blackstone Inc. (BX) 
Last blackstone inc. earnings: 4/23 06:56 am Check Earnings Report
Company Research Source: Yahoo! Finance
The figure reflects a 10.9% rise from the year-ago quarter. Shares of the company gained 2.5% in the pre-market trading on better-than-expected results. However, a full day's trading session will depict a clearer picture. Results benefited from a rise in revenues. The assets under management (AUM) balance witnessed robust year-over-year growth, driven by net inflows. However, higher expenses created a headwind. Net income attributable to BlackRock (on a GAAP basis) was $2.21 billion, up 46.5% from the prior-year quarter. BLK's Revenues Improve, Expenses Rise Quarterly revenues (on a GAAP basis) were $6.70 billion, outpacing the Zacks Consensus Estimate of $6.62 billion. Revenues increased 27% year over year. The rise was driven by an increase in all revenue components. Total expenses amounted to $3.88 billion, up 8.6% year over year. The increase was due to a rise in all cost components, except for the change in fair value of contingent consideration. Non-operating incom Show less Read more
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