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Rating:Why Did BlackRock's Earnings Expectations Fall?  Not Rated 1.0 Email Routing List Email & Route  Print Print
Wednesday, July 17, 2013

Why Did BlackRock's Earnings Expectations Fall?

News summary by MFWire's editors

Analyst second quarter EPS expectations for BlackRock [profile] have fallen this month, Forbes writes, from $3.86 per share to $3.82 per share,

However, the esteemed financial publication doesn't give you an explanation regarding why. Earnings of $15.78 per share are expected for the year and revenue is expected to be $2.49 billion, 12 percent year over year.

Fifty-six percent of analysts rate BlackRock as a buy, which is not a big surprise as the company has had 9 percent growth in profit year over year for the last four quarters. BlackRock will report its second quarter earnings July 29.

To read more, click here.  

Edited by: Casey Quinlan

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