4/13, 12:17 PM (Source: TeleTrader)
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BlackRock Q1 revenue misses estimates at $4.7B

American investment corp. BlackRock Inc. posted on Wednesday its earnings results for the first quarter of 2022, reporting that its revenue increased by 7% to $4.7 billion, while its net income surged 20% to $1.44 billion or diluted earnings per share of $9.52.

"As the world continues to face geopolitical and economic uncertainty, our investments over the years to build BlackRock’s all-weather platform position us well to advise our clients and help them pursue their long-term financial goals," CEO Laurence Fink concluded in the report.

Baha Breaking News (BBN) / ND