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BlackRock (BLK) Tops Q1 EPS by 59c

April 16, 2019 6:14 AM

BlackRock (NYSE: BLK) reported Q1 EPS of $6.61, $0.59 better than the analyst estimate of $6.02. Revenue for the quarter came in at $3.35 billion versus the consensus estimate of $3.29 billion.

Laurence D. Fink, Chairman and CEO: "BlackRock's broad investment platform generated $65 billion of total net inflows in the first quarter, representing 4% organic growth. The breadth of our investment capabilities, spanning index, alphaseeking, alternatives and cash, coupled with our industry-leading technology and portfolio construction capabilities, allowed us to generate strong flows and continue to meet the evolving needs of our global clients.

“iShares once again captured the number one market share of global ETF industry flows, paced by a record $32 billion of net inflows into fixed income ETFs. Our active franchise generated $14 billion of net inflows, reflecting strength in active fixed income and a record quarter for illiquid alternatives, which included a first close of Long Term Private Capital, an innovative direct private equity vehicle that rounds out our comprehensive alternative investing capabilities.

“We continued to strategically invest in our world-class Aladdin technology business, which grew revenue 11% year-over-year, and entered an exclusive agreement to acquire eFront, the leading alternatives investment software provider. The combination of eFront with Aladdin will set a new standard in investment and risk management technology, vastly expanding Aladdin’s alternatives capabilities and providing a whole-portfolio technology solution to clients.

“BlackRock continues to build and evolve our organization, ahead of changing client needs, in order to drive strong investment performance, enhance the

For earnings history and earnings-related data on BlackRock (BLK) click here.

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