MarketWatch
BlackRock profit and revenue rise above forecasts, as AUM climbs to $9.5 trillion
BlackRock Inc. reported Wednesday second-quarter profit and revenue that rose above expectations, as assets under management (AUM) increased 30% and net inflows topped $80 billion. The investment management company’s stock was indicated down about 0.1% in premarket trading. Net income rose to $1,38 billion, or $8.92 a share, from $1.21 billion, or $7.85 a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share grew to $10.03 from $7.85, beating the FactSet consen