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BlackRock: 4Q Earnings Snapshot

January 15, 2020 GMT

NEW YORK (AP) _ BlackRock Inc. (BLK) on Wednesday reported fourth-quarter earnings of $1.3 billion.

On a per-share basis, the New York-based company said it had profit of $8.29. Earnings, adjusted for non-recurring costs, were $8.34 per share.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $7.67 per share.

The investment firm posted revenue of $3.98 billion in the period.

For the year, the company reported profit of $4.48 billion, or $28.43 per share. Revenue was reported as $14.54 billion.

BlackRock shares have increased 3% since the beginning of the year, while the Standard & Poor’s 500 index has increased 31%. The stock has increased 31% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BLK at https://www.zacks.com/ap/BLK