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BlackRock profit beats estimates on higher fund inflows
Abstract：(Reuters) -BlackRock Inc posted a better-than-expected quarterly profit on Wednesday as the worlds largest asset manager benefited from investors pouring more money into its various exchange-traded and active funds.
div classBodysc17zpet90 cdBBJodivpReuters BlackRock Inc posted a betterthanexpected quarterly profit on Wednesday as the worlds largest asset manager benefited from investors pouring more money into its various exchangetraded and active funds.p
pAdjusted profit rose to 1.46 billion, or 9.52 per share, in the firstquarter ended March 31, from 1.2 billion, or 7.77 per share, a year earlier.pdivdivdiv classBodysc17zpet90 cdBBJodiv
pAnalysts on average had expected the asset manager to report a profit of 8.75 per share, according to IBES data from Refinitiv.p
pBlackRock ended the past quarter with 9.57 trillion in assets under management, up from 9.01 trillion a year earlier. p
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