Blackrock Inc. Q3 adjusted earnings Beat Estimates

(RTTNews) - Blackrock Inc. (BLK) announced a profit for its third quarter that climbed from the same period last year.

The company's bottom line totaled $1.22 billion, or $7.54 per share. This compares with $0.94 billion, or $5.76 per share, in last year's third quarter.

Excluding items, Blackrock Inc. reported adjusted earnings of $1.21 billion or $7.52 per share for the period.

Analysts had expected the company to earn $6.84 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 2.0% to $3.58 billion from $3.51 billion last year.

Blackrock Inc. earnings at a glance:

-Earnings (Q3): $1.21 Bln. vs. $0.97 Bln. last year. -EPS (Q3): $7.52 vs. $5.90 last year. -Analysts Estimate: $6.84 -Revenue (Q3): $3.58 Bln vs. $3.51 Bln last year.