Blackrock Inc. Profit Drops 2% In Q4

(RTTNews) - Blackrock Inc. (BLK) announced earnings for fourth quarter that declined compared to the same period last year.

The company said its bottom line came in at $801 million, or $4.75 per share. This was lower than $821 million, or $4.82 per share, in last year's fourth quarter.

Analysts had expected the company to earn $4.80 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 2.9% to $2.86 billion. This was up from $2.78 billion last year.

Blackrock Inc. earnings at a glance:

-Earnings (Q4): $801 Mln. vs. $821 Mln. last year. -Earnings Decline (Y-o-Y): -2.4% -EPS (Q4): $4.75 vs. $4.82 last year. -EPS Decline (Y-o-Y): -1.5% -Analysts Estimate: $4.80 -Revenue (Q4): $2.86 Bln vs. $2.78 Bln last year. -Revenue Change (Y-o-Y): 2.9%