BlackRock Q3 Profit Matches Estimates - Quick Facts

(RTTNews) - BlackRock Inc. (BLK) reported that its third-quarter net income attributable to company increased to $730 million or $4.21 per share, from $642 million or $3.65 per share, last year. Adjusted net income attributable to company was $672 million or $3.88 per share for the quarter.

On average, 20 analysts polled by Thomson Reuters expected the company to report profit per share of $3.88 for the quarter. Analysts' estimates typically exclude special items.

Total revenue rose to $2.47 billion, from $2.32 billion last year. Revenue increased 7% reflecting growth in markets, long-term net inflows and strength in BlackRock Solutions, the company said. Analysts expected revenue of $2.48 billion for the quarter.