5 Stocks in the Limelight After Earnings Reports

In this article, we discuss the 5 stocks in the limelight after earnings reports. If you want to read our detailed analysis of these companies, go directly to the 10 Stocks in the Limelight After Earnings Reports.

5. BlackRock, Inc. (NYSE:BLK)

Number of Hedge Fund Holders: 47

BlackRock, Inc. (NYSE:BLK) is one of the biggest asset managers in the world, providing multiple investment products to millions of customers. It recently came into the limelight after posting better-than-expected financial results for the third quarter.

The New York-based investment management company reported adjusted earnings of $10.95 per share, up from $9.22 per share in the year-ago quarter. Revenue for the quarter jumped nearly 16 percent on a year-over-year basis to $5.05 billion.

Analysts were expecting BlackRock, Inc. (NYSE:BLK) to report earnings of $9.39 per share on revenue of $4.82 billion. The solid third-quarter results sent BlackRock, Inc. (NYSE:BLK) shares up nearly four percent on Wednesday, 13 October 2021.

Speaking on the results, CEO Laurence D. Fink said in a statement:

“Clients continue to seek BlackRock’s insights and advice regarding their entire portfolios, reflecting the benefits of the investments we have made to better serve their evolving needs. BlackRock generated $98 billion of long-term net inflows in the third quarter, representing 9% annualized organic base fee growth and our 6th consecutive quarter in excess of our 5% target, once again demonstrating the strength of our diversified investment and technology platform.”