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BlackRock Reports Third Quarter 2019 Diluted EPS of $7.15

BlackRock |Oct 15, 2019

BlackRock Reports Third Quarter 2019 Diluted EPS of $7.15

  • $84 billion of quarterly total net inflows, or 5% organic asset growth, driven by continued momentum in fixed income and cash
  • 3% increase in revenue year-over-year driven by higher base fees and technology services revenue, partially offset by lower performance fees
  • 30% increase in technology services revenue year-over-year reflects Aladdin® growth and the impact of the eFront acquisition
  • 8% increase in operating income (7% as adjusted) year-over-year, driven in part by lower transaction-related expense in the current quarter
  • 5% decrease in diluted EPS year-over-year reflects lower nonoperating income and a higher effective tax rate in the current quarter
  • $100 million of share repurchases in the current quarter, bringing year-to-date repurchases to $1.7 billion

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