BlackRock: Q4 Earnings Snapshot

January 13, 2023 GMT

NEW YORK (AP) _ BlackRock Inc. (BLK) on Friday reported fourth-quarter profit of $1.26 billion.

The New York-based company said it had profit of $8.29 per share. Earnings, adjusted for one-time gains and costs, were $8.93 per share.

The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $7.99 per share.

The investment firm posted revenue of $4.34 billion in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $4.16 billion.

For the year, the company reported profit of $5.18 billion, or $33.97 per share. Revenue was reported as $17.87 billion.

BlackRock shares have climbed slightly more than 6% since the beginning of the year, while the S&P’s 500 index has fallen 16%. The stock has dropped 15% in the last 12 months.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on BLK at