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BlackRock Ready for its Quarterly Earnings Release
Published on Wednesday, 18 January 2012 10:08 Written by Danny Miller
New York, January 18th (TradersHuddle.com) - Shares of BlackRock, Inc. (NYSE:BLK) are trading lower by -0.45% ahead of its
quarterly earnings release. BlackRock, the provider of diversified investment management services to institutional clients and to retail investors is expected to release its quarterly results on January 19th.
Wall Street Analysts consensus calls for a profit of $3.01 a share on $2.24 billion revenue.
BlackRock estimates have a range of $0.48 a share. The high estimate calls for profit of $3.24 a share and the low estimate is calling for a profit of $2.76 a share, a year ago for the quarter the company reported $3.42 a share.
BlackRock, Inc. (NYSE:BLK) provides diversified investment management services to institutional clients and to retail investors through various investment products. The Company offers the BlackRock Funds and Blackrock Liquidity Funds, and also provides risk management services to fixed income institutional investors.
Other companies on the watch on this earnings event are Blackstone Group LP NYSE:BX and Invesco Limited NYSE:IVZ.
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