1/15, 12:30 PM (Source: TeleTrader)
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BlackRock's diluted EPS jumps 43% to $8.34 in Q4

BlackRock Inc announced on Wednesday that its diluted earnings per share (EPS) rose 43% year-over-year to reach $8.34 in the fourth quarter of fiscal 2019, meeting the estimates. The company's revenue in the same trimester amounted to $3.98 billion, rising 16% compared to the same period of 2018. Meanwhile, operating income rose 17% in the fourth quarter to land at $1.54 billion while net income surged 34% on an annual basis in the same period to reach $1.3 billion.

In full 2019, the company's revenue stood at $14.54 billion, increasing 2% compared to 2018. Diluted earnings per share went up by 6% year-on-year in the 12 months of fiscal 2019 to $28.48 while the New York-based firm reported a net income of $4.48 billion, climbing 3%. The total market value of the investment (AUM) managed by the BlackRock amounted to $7.43 trillion in full year, an increase of 24% compared to 2018.

"BlackRock’s 2019 results confirm the uniqueness of our globally integrated, asset management and technology platform. We begin 2020 well positioned to continue fulfilling our purpose and leading the evolution of the asset management industry," the company's CEO Laurence Fink said in a statement.

Breaking the News / GA