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Blackrock powers past top Q1 analyst forecasts

The world's largest asset manager, US-based Blackrock, made more money in the first quarter of 2018 than even the most bullish analysts had expected.

Earnings per share at US asset management giant Blackrock were USD 6.70 in the first quarter of 2018 -- a result which exceeds average analyst expectations of USD 6.38, according to estimates gathered by Bloomberg News. The estimates ranged from USD 6.22 and 6.55.

The company's total income for the quarter was USD 3.58 billion compared to the expected USD 3.42 billion. Analysts' forecasts for this figure were between USD 3.15 billion and USD 3.58 billion.

At the end of the quarter, the company had USD 6.320 trillion in assets under management.

English edit: Daniel Frank Christensen.

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