BlackRock (BLK) Tops Q4 Earnings Estimates, to Acquire GIP

BlackRock, Inc.’s (BLK) fourth-quarter 2023 adjusted earnings of $9.66 per share handily surpassed the Zacks Consensus Estimate of $8.84. The figure reflects an increase of 8.2% from the year-ago quarter.The quarterly results benefited from a rise in revenues and higher non-operating income. Further, the assets under management (AUM) balance witnessed an improvement owing to net inflows. However, higher expenses acted as a dampener. Shares of BLK are trending marginally lower in the pre-market trading sessi ...