BlackRock’s shares were slightly higher in preopen trading on Wednesday, following that beating the bottom line consensus. However, they missed slightly the top line because inflows remained strong despite the volatility market which hurt performance fees.

Fund manager said that the adjusted EPS rose 18%, to $9.52. This was higher than $8.84 consensus. The consensus estimate of $4.73billion was slightly lower than the 7% increase in revenue to $4.699billion. The strong growth in technology and organic services drove the revenue. However, performance fees were lower.

One quarter saw $114 billion long-term net outflows, with $86 billion for quarterly total net outflows. Net inflows from ETFs were $56 billion

BlackRock purchased $500 million of stock during the quarter, and increased its dividend 18% to $4.88 per Share.

Stock is currently down by 22% year to date.