BlackRock (BLK) Tops Q4 EPS by 22c, Beats on Revenues
BlackRock (NYSE: BLK) reported Q4 EPS of $6.24, $0.22 better than the analyst estimate of $6.02. Revenue for the quarter came in at $3.47 billion versus the consensus estimate of $3.3 billion.
Fourth Quarter 2017 Diluted EPS of $14.07, or $6.24 as adjusted
- Record $367 billion of full year total net inflows reflects continued strength of diversified business model
- $103 billion of fourth quarter net inflows, positive across active, index and iShares® and cash management
- 12% full year revenue growth driven by growth in base fees, performance fees, and technology and risk management revenue
- 15% increase in full year operating income (13% as adjusted) reflects operating margin expansion
- 59% increase in full year diluted EPS reflects net tax benefit from Tax Cuts and Jobs Act (17% as adjusted)
- Returned $2.8 billion to shareholders in 2017
- Board of Directors approves 15% increase in quarterly cash dividend to $2.88 per share
For earnings history and earnings-related data on BlackRock (BLK) click here.
