BlackRock declared revenue of $3.65 billion in Q2, 3.7% higher than in the same period last year. After the positive results, BLK stock is slightly up in the pre-market.

BlackRock Inc (NYSE: BLK) has recently published its Q2 2020 financial results and joined the row of companies that have already done it earlier.

The company declared that in the second quarter of 2020 its revenue was $3.65 billion which means that the figure has beaten the expectations by $100 million. As for year-to-year growth, it is positive as the revenue has increased by 3.7%.

Non-GAAP EPS reported is $7.85 which is $0.90 higher than expected while GAAP EPS with a figure of  $7.85 is $1.05 higher than it was projected.

The Q2 earnings are  $1.21 billion, or $7.85 per share. In Q2 2019, the figures were  $1.00 billion and $6.41 per share respectively.

Yesterday BLK stock was 0.29% down, at $566.96. Today in the pre-market, after BlackRock revealed its Q2 earnings, the stock is slightly up. At the time of writing, it is rising by 0.27%, reaching $568.50.

As of June 30, 2020, the sum of assets being managed by BlackRock on behalf of investors from all over the world was around $7.32 trillion.

Today the company’s management will organize a video conference call for analysts and investors to comment on the BlackRock Q2 results and share the expectations for the next quarter.

The article is under development and more details will be added soon.

Business News, Market News, News, Stocks, Wall Street

Julia Sakovich
Editor-in-Chief Julia Sakovich

Having obtained a diploma in Intercultural Communication, Julia continued her studies taking a Master’s degree in Economics and Management. Becoming captured by innovative technologies, Julia turned passionate about exploring emerging techs believing in their ability to transform all spheres of our life.

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