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Actionable news in BLK: BLACKROCK Inc,

BlackRock earnings beat the Street; iShares ETFs post record inflow

BlackRock reported first-quarter earnings on Wednesday that beat analysts' expectations, but missed on revenue.

Here's what firm reported versus what the Street was expecting:

  • EPS: $5.25 versus $4.89 per share expected by Thomson Reuters analysts' consensus.
  • Revenue: $2.82 billion versus $2.87 billion by Thomson Reuters analysts' consensus.

The company earned an adjusted $4.25 per share on revenue of $2.62 billion in the same quarter last year.

BlackRock said its iShares exchange-traded funds franchise saw record quarterly inflows of $64.5 billion. The firm said iShares captured the highest share of flows in the ETF industry globally, in the U.S. and in Europe, and...