Shares of BlackRock Decline After Downbeat Q2 Earnings Report
Jul, 17th 13:01
Shares of BlackRock Inc. tumbled more than 3 percent in premarket trade on Monday after the firm reported second quarter earnings and revenue that missed analysts’ expectations.
BlackRock shares dropped 3.27% to trade around $424.00 per share on Monday following a gain of 0.11% after the close on Friday. The world’s largest asset manager posted second quarter earnings per share of $5.24 on revenue of $2.965 billion after excluding non-recurring items. That missed forecast for EPS of $5.39 on revenue of $3.02 billion.
Net profit was reported to advance to $857 million, or $5.22 a share, from $789 million, or $4.73 a share, in the same period a year ago while the firm’s assets under management rose 16% on a yearly basis to $5.689 trillion, topping analyst expectations.
Buy Digital Put Option from 424.00 to 420.00 valid until 20:00 GMT July 17, 2017
The website/brand www.optionbanque.com is jointly operated by Capital Street BancClear Corporation Limited(SVG) and Capital Street Intermarkets Limited(MU). The services provided by Option Banque are provided by the two companies jointly, and all securities trading services offered by Option Banque are offered via the full services securities dealer licence Number C112010690 issued by the FSC Mauritius.