Investing.com - BlackRock (NYSE:BLK) reported third quarter earnings that beat analysts' expectations on Tuesday and revenue that topped forecasts.
The firm reported earnings per share of $7.15 on revenue of $3.69B. Analysts polled by Investing.com anticipated EPS of $6.96 on revenue of $3.68B. That compared to EPS of $7.52 on revenue of $3.58B in the same period a year earlier. The company had reported EPS of $6.41 on revenue of $3.52B in the previous quarter.
For the year, BlackRock shares are up 10.54%, under-performing the S&P 500 which is up 19.75% year to date.
BlackRock follows other major Financial sector earnings this month
On Tuesday, UnitedHealth reported third quarter EPS of $3.88 on revenue of $60.35B, compared to forecasts of EPS of $3.75 on revenue of $59.75B.
Jefferies Financial earnings missed analyst's expectations on Thursday, September 26, 2019, with third quarter EPS of $0.15 on revenue of $856.78M. Investing.com analysts expected EPS of $0.31 on revenue of $993.2M
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