BlackRock Earnings Beat, Revenue Misses In Q1

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BlackRock announced earnings per share of $9.52 on revenue of $4.7B. Analysts polled by anticipated EPS of $8.99 on revenue of $4.77B.

BlackRock shares are down 21% from the beginning of the year, still down 26.34% from its 52 week high of $973.16 set on November 12, 2021. They are under-performing the S&P 500 which is down 7.74% from the start of the year.

BlackRock’s report follows an earnings beat by Industrial Commercial Bank of China on March 30, who reported EPS of $0.7567 on revenue of $34.21B, compared to forecasts EPS of $0.5946 on revenue of $32.96B.

China Construction Bank Corp had beat expectations on March 29 with first quarter EPS of $0.8814 on revenue of $31.45B, compared to forecast for EPS of $0.7399 on revenue of $28.83B.

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