Blackrock Inc. Q1 Profit Advances 22%

(RTTNews) - Blackrock Inc. (BLK) announced earnings for its first quarter that gained ground compared to the same period last year.

The company said its bottom line totaled $865 million, or $5.25 per share. This was higher than $711 million, or $4.25 per share, in last year's first quarter.

Analysts had expected the company to earn $4.89 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 7.6% to $2.82 billion. This was up from $2.62 billion last year.

Blackrock Inc. earnings at a glance:

-Earnings (Q1): $865 Mln. vs. $711 Mln. last year. -Earnings Growth (Y-o-Y): 21.7% -EPS (Q1): $5.25 vs. $4.25 last year. -EPS Growth (Y-o-Y): 23.5% -Analysts Estimate: $4.89 -Revenue (Q1): $2.82 Bln vs. $2.62 Bln last year. -Revenue Change (Y-o-Y): 7.6%