Blackrock came out with results, where adjusted diluted EPS was $9.81 per share, which was a 37% increase Y/Y, beating expectations of $9.34 per share.
Revenues were $4.73 billion, which is 11% more than this time last year, and beat expectations of $4.68 billion.
Adjusted operating income grew 17% year-over-year, and adjusted operating income margin grew by 1.8 percentage points to 42.2%. The expectation was 41.1%.
Quarterly net flows of $57 billion missed expectations, which were $90 billion of net inflows. A 37% miss. Despite this, their AUM increased by $1.4 trillion, a 15% increase, marginally beating the expectations of $10.4 billion.
Thoughts? The net flows figure concerns me, as strong jobs data should suggest greater flows into their products.
Leave a Reply