MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, April 17, 2008 BlackRock Earnings Fail to Meet Expectations In the Thursday edition of the Wall Street Journal Fund Track column (login required), Kevin Kingsbury covered BlackRock's first quarter numbers, which Larry Fink unveiled Wednesday. While earnings rose from $1.48 a share to $1.82 a share, the latest number came in below analyst expectations. BlackRock saw its customers yanking money from fixed income and placing funds into cash instruments. "Clients are confused," Fink said, noting that its "very hard to make any real return on owning Treasury securities or being even in a core fixed-income strategy." Printed from: MFWire.com/story.asp?s=17996 Copyright 2008, InvestmentWires, Inc. All Rights Reserved |