Investing.com - BlackRock (NYSE:BLK) reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
BlackRock announced earnings per share of $9.52 on revenue of $4.7B. Analysts polled by Investing.com anticipated EPS of $8.99 on revenue of $4.77B.
BlackRock shares are down 21% from the beginning of the year, still down 26.34% from its 52 week high of $973.16 set on November 12, 2021. They are under-performing the S&P 500 which is down 7.74% from the start of the year.
BlackRock follows other major Financial sector earnings this month
BlackRock's report follows an earnings beat by Industrial Commercial Bank of China on March 30, who reported EPS of $0.7567 on revenue of $34.21B, compared to forecasts EPS of $0.5946 on revenue of $32.96B.
China Construction Bank Corp had beat expectations on March 29 with first quarter EPS of $0.8814 on revenue of $31.45B, compared to forecast for EPS of $0.7399 on revenue of $28.83B.
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