NewzNEW YORK (AP) — NEW YORK (AP) — BlackRock, Inc. (BLK) on Wednesday reported third-quarter profit of $1.66 billion. On a per-share basis, the New York-based company said it had profit of $10.57.
Earnings, adjusted for non-recurring costs and amortization costs, were $15.93 per share. The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $13.97 per share.
The investment firm posted revenue of $7.75 billion in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $7.46 billion. BlackRock shares have decreased slightly since the beginning of the year, while the S&P’s 500 index has risen 14%.
The stock has declined roughly 8% in the last 12 months. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BLK at https://www.zacks.com/ap/BLK Source
DR VELDHOVEN, Netherlands (AP) — DR VELDHOVEN, Netherlands (AP) — ASML Holding NV (ASML) on Wednesday reported third-quarter profit of $5.71 billion. On a per-share basis, the Dr Veldhoven, Netherlands-based company said it had net income of $14.89. The results surpassed Wall Street expectations.
The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $12.47 per share. The equipment supplier to semiconductor makers posted revenue of $13.42 billion in the period. For the current quarter ending in December, ASML said it expects revenue in the range of $16.3 million to $17.5 million.
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