BlackRock Earnings Call, Second Quarter 2008
21st July 2008 00:00 AM |
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| The Q2 reported operating margin was 29.2% and adjusted operating margin was 37.9%, an improvement from Q1 of 2008 and Q2 of 2007. |
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| The investment management firm reported second quarter total revenues of $1.387 million compared with $1.097 million in the year ago quarter. The quarterly net income was $274 million, an increase of 23% versus the second quarter last year net income of $222 million. The management advised that Assets Under Management (UAM) rose 16% to $1.428 trillion as at June 30, 2008 versus the same period last year. |
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BlackRock First Quarter Earnings Call
17th March 2008 00:00 AM |
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| The net income was $195.4 million or $1.48 per share as against $1.06 in prior year quarter. |
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| The investment management company reported revenue of $1.005 billion compared to $1.019 billion for fourth quarter 2006, reflecting lower performance fees, the impact of two fewer days and a lower fee mix for equities. Assets under management totaled $1.154 trillion at March 31, 2007, up 7.4% since closing the MLIM merger. Of the projected $170 million to $180 million MLIM integration charges, the first quarter charges totaled $7.1 million. |
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BlackRock Fourth Quarter Earnings Call
17th March 2008 00:00 AM |
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| Excluding the impact of the Merrill Lynch Investment Managers transaction, net income rose 40% over last year to $1.28 per share. |
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| The provider of financial services reported revenue of $1.019 billion for fourth quarter 2006. While the performance fees totaled $39.9 million, BlackRock Solutions revenues were $37.7 million. During the quarter, one-time MLIM integration charges were $51.3 million. BlackRock, anticipating GAAP earnings per share of $6.90 to $7.20 for fiscal 2007, stated that hereafter it will return to its earlier policy of not providing earnings guidance. |
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BlackRock Third Quarter Earnings Call
20th October 2007 00:00 AM |
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| Profit was boosted to $255.2 million by new assets managed as result of the merger with Merrill Lynch Investment Managers. |
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| The New York investment manager reported revenue increase to $1.3 billion from $323.1 million last year. Assets under management rose 6% to $1.3 trillion. It had net inflows in all asset classes, headed up by $30.2 billion into cash-management products as investors sought safety during market volatility. The Merrill unit''s acquisition has helped the firm expand internationally and in the retail marketplace. The firm earned $149.4 million in performance fees. |
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