From Financial Modeling Prep: 2024-10-11 18:37:00

BlackRock (NYSE:BLK) shares surged over 3% after reporting strong Q3 results, with earnings per share of $11.46 beating estimates of $10.24. Revenue reached $5.2 billion, surpassing the projected $5.05 billion.

AUM rose to $11.48 trillion, a 26% increase YoY, with quarterly net inflows of $221.18 billion, far exceeding estimates of $127.2 billion.

Adjusted operating margin improved to 45.8%, showcasing effective cost management amidst growing scale for BlackRock.



Read more at Financial Modeling Prep:: BlackRock Exceeds Q3 EPS and AUM Expectations, Sto…