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BlackRock Hits Revenue Expectations, Misses on Earnings

Citing a volatile economic environment, the massive asset management company BlackRock (BLK) posted mixed results for the second quarter.

For the quarter ended June 30, BlackRock posted earnings of $4.73 per share, missing Bloomberg's consensus estimate of $4.78, and down from $4.84 the same quarter last year. Revenue of $2.8 billion was slightly higher than expectations, and down 3% from last year.

BlackRock's iShares...