TELETRADER News
1/13, 12:17 PM
(Source: TeleTrader)
BlackRock EPS drops 11% to $8.29 in Q4
The world's largest asset manager BlackRock Inc. said on Friday its GAAP diluted earnings per share in the fourth quarter of 2022 stood at $8.29, dropping 11% compared to the same period a year earlier.
GAAP net income fell 23% year on year to $1.26 billion and operating income slid 30% to $1.43 billion. Revenue landed at $4.34 billion, down 15% from the $5.1 billion reported in the corresponding quarter of 2021.
"BlackRock delivered over $300 billion of net inflows and positive organic base fee growth in 2022. These industry-leading results reflect the decisions by thousands of organizations and investors that continually place their trust in BlackRock," CEO Laurence Fink stated.