Global investment management corporation BlackRock, Inc. (NYSE: BLK) recently reported mixed fourth-quarter results for the quarter ended December 31, 2021. Although earnings beat estimates, revenues, despite witnessing growth, failed to meet expectations. Following the news, shares of the company declined 2.2% to close at $848.60 on Friday. Revenue & Earnings Blackrock reported quarterly revenues of $5.11 billion, which denotes a rise of 14% from the prior year. This growth was primarily driven by a 17% year-over-year increase in revenues from investment advisory, administration fees and securities lending. Yet, the figure failed to surpass the consensus estimate of $5.13 billion. The company reported earnings per share (EPS) of $10.42, up 2.
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BlackRock (NYSE:BLK)
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