BlackRock (BLK) Tops Q4 EPS by 22c, Beats on Revenues

BlackRock (NYSE: BLK) reported Q4 EPS of $6.24, $0.22 better than the analyst estimate of $6.02. Revenue for the quarter came in at $3.47 billion versus the consensus estimate of $3.3 billion.

Fourth Quarter 2017 Diluted EPS of $14.07, or $6.24 as adjusted

• Record $367 billion of full year total net inflows reflects continued strength of diversified business model
• $103 billion of fourth quarter net inflows, positive across active, index and iShares® and cash management
• 12% full year revenue growth driven by growth in base fees, performance fees, and technology and risk management revenue
• 15% increase in full year operating income (13% as adjusted) reflects operating margin expansion
• 59% increase in full year diluted EPS reflects net tax benefit from Tax Cuts and Jobs Act (17% as adjusted)
• Returned $2.8 billion to shareholders in 2017
• Board of Directors approves 15% increase in quarterly cash dividend to $2.88 per share

For earnings history and earnings-related data on BlackRock (BLK) click here.

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