2023-04-14 06:04:17 ET
- BlackRock press release ( NYSE: BLK ): Q1 Non-GAAP EPS of $7.93 beats by $0.20 .
- Revenue of $4.24B (-9.8% Y/Y) in-line.
- 10% decrease in revenue year-over-year primarily driven by the impact of significantly lower markets and dollar appreciation on average AUM and lower performance fees
- $103 billion of quarterly long-term net inflows, representing 5% annualized organic asset growth, driven by continued momentum in bond ETFs and significant outsourcing mandates
- AUM of $9.09T up from AUM of $8.59T at the end of Q4, average AUM of $8.90T down from $8.42T at the end of Q4.
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BlackRock Non-GAAP EPS of $7.93 beats by $0.20, revenue of $4.24B in-line