BlackRock's Q1 Earnings Beat on AUM Growth & Higher Revenues, Stock Up [Yahoo! Finance]

Blackstone Inc. (BX)
Last blackstone inc. earnings: 4/23 06:56 am
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Source: Yahoo! Finance
The figure reflects a rise of 15% from the year-ago quarter. See the Zacks Earnings Calendar to stay ahead of market-making news. Shares of BLK are trending 3.4% higher in the pre-market trading session today on the back of solid improvement in the assets under management (AUM) balance. The results benefited from a rise in revenues. AUM witnessed robust growth and touched a record high of $11.58 trillion, driven by net inflows and favorable forex impact, partially offset by market depreciation. However, higher expenses and lower non-operating income were headwinds. Net income attributable to BlackRock (on a GAAP basis) was $1.51 billion, decreasing 4% from the prior-year quarter. We had projected the metric to be $1.57 billio
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