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BlackRock Earnings, Revenue Beat in Q3 By Investing.com

by Mike Robinson

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© Reuters. BlackRock Revenue Beats in Q3

On Wednesday, Investing.com reported that BlackRock (NYSE) had posted its third quarter results. This was in line with analysts’ predictions and exceeded expectations.

BlackRock reported earnings per share at $10.95 for revenue $5.05B. Investing.com polled analyst to predict EPS at $9.6 on revenues of $4.82B.

BlackRock shares have risen 15% since the start of the year but are still 12.89% below the 52-week high of $959.89, which was set on August 30, 2018. They are under-performing the S&P 500 which is up 15.83% from the start of the year.

BlackRock continues to follow other Financial Sector earnings this Month

BlackRock reports on Jefferies Financial’s September 30 earnings beat. Jefferies Financial posted EPS $1.5 on $1.94B revenue, while BlackRock forecasts EPS $0.9933 on $1.74B revenue.

Pinnacle beat all expectations Wednesday, posting a third quarter EPS (EPS) of $1.75 on $341.64M in revenue. This compares to the forecasted EPS (1.55 per cent on $324.38M).

Keep up to date with all the earnings reports coming soon by visiting Investing.com’s earnings calendar

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