Blackrock Inc. Q2 Income Falls 5%

(RTTNews) - Blackrock Inc. (BLK) released earnings for second quarter that retreated from last year.

The company said its bottom line dropped to $797 million, or $4.78 per share. This was down from $838 million, or $4.96 per share, in last year's second quarter.

Analysts had expected the company to earn $4.77 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 3.4% to $2.8 billion. This was down from $2.9 billion last year.

Blackrock Inc. earnings at a glance:

-Earnings (Q2): $797 Mln. vs. $838 Mln. last year. -Earnings Decline (Y-o-Y): -4.9% -EPS (Q2): $4.78 vs. $4.96 last year. -EPS Decline (Y-o-Y): -3.6% -Analysts Estimate: $4.77 -Revenue (Q2): $2.8 Bln vs. $2.9 Bln last year. -Revenue Change (Y-o-Y): -3.4%