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BlackRock (BLK) Stock Climbs Following Earnings Beat

NEW YORK (TheStreet) -- Shares of BlackRock (BLK - Get Report) are up by 2.27% to $322.27 at the start of trading on Wednesday morning, following the release of the company's third quarter earnings results today.

The New York City-based investment management firm, and world's largest asset manager, reported that third quarter profits fell 8% to $843 million, or $5 per share.

However, those results still easily topped analysts' consensus $4.57 per share expectations for the period, despite the fall in profitability.

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