BlackRock, the world's largest asset manager, reported first-quarter earnings and revenue on Thursday that surpassed expectations as assets under management inched higher to above $6.3 trillion.
The company's shares rose 2.3 percent Thursday's premarket. For the year, BlackRock shares are up 2.3 percent, outperforming the S&P 500, which is down slightly.
Here's what BlackRock reported versus what Wall Street was expecting:
— Earnings: $6.70 per share versus $6.39 forecast by Thomson Reuters.
— Revenue: $3.583 billion vs. $3.40 billion expected.
— Assets under management: $6.316 trillion vs. $6.43 trillion forecast by StreetAccount.
— Long-term net inflows: $54.63 billion vs. $68.60 billion expected.