Blackrock, the largest asset management company in the world, said a net net income in the first quarter of $ 1.5 billion, down 4% compared to the previous year and by lowering Wall Street expectations by $ 1.57 billion.
This was equivalent to profits per share of $ 9.64, missing the $ 9.67 that Wall Street analysts interviewed by Mostst was waiting. Revenues of $ 5.28 billion lacked expectations of $ 5.29 billion.
The adjusted profit of the period was $ 11.30 per share, exceeding Wall Street estimates of $ 10.08 on a non-Gaap basis.
