Blackrock Inc. reported a profit increase for the second quarter, beating Street estimates. Earnings were $1.495 billion, or $9.99 per share, up from $1.366 billion, or $9.06 per share, in the same period last year. Adjusted earnings were $1.550 billion or $10.36 per share. Revenue rose 7.7% to $4.805 billion from $4.463 billion last year. Analysts had expected earnings of $9.95 per share.

Read more at Nasdaq: Blackrock Inc. Q2 Profit Increases, Beats Estimates