Why Is BlackRock (BLK) Down 2.4% Since Last Earnings Report?
It has been about a month since the last earnings report for BlackRock (BLK). Will the recent negative trend continue leading up to its next earnings release, or is BlackRock due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. The increase was due to rise in employee compensation and benefits costs, direct fund expenses, and general and administration costs.Non-operating income (on a GAAP basis) was $33 million, up from non-operating income of $10 million recorded in the year-ago quarter.BlackRock’s adjusted operating income was $1.40 billion, up 1% year over year.Strong AUM & InflowsAs of Sep 30, 2018, AUM totaled $6.44 trillion, reflecting an increase of 8% year over year.