B lackRock (BLK) reported robust results in the third quarter. The investment management company reported adjusted earnings of $11.46 per share, up by 5% year-over-year. This exceeded consensus estimates of $10.36 per share. The company’s revenues increased by 15% year-over-year to $5.2 billion, surpassing Street estimates of $5.03 billion.

Asset management company BlackRock, Inc. (NYSE: BLK) on Friday reported higher revenues and adjusted profit for the third quarter of 2024, which also came in above Wall Street’s projections. Third-quarter adjusted earnings increased to $11.46 per share from $10.91 per share in the comparable period of 2023, exceeding estimates.