Blackrock Announces $3.14 Quarterly Earnings

Blackrock Inc. (NYSE:BLK) Announced its results for the first quarter of 2012 this morning before the markets opened. The company revealed that in the period it had made $2.24 billion in revenue, giving in an earnings per share of $3.14. Analysts had expected the company to announce earnings of $2.99 per share on revenues of 2.21 billion. In the same quarter of 2011 the company reported earnings of $2.96 per share. The news will continue the confidence felt in the world's largest asset manager but still leaves room for doubt. The better than expected result does reveal a solid future at...