UPDATE: BlackRock Reports 43% Rise In Q2 Net Income

BlackRock Inc BLK reported a 43% surge in its Q2 net income. BlackRock's quarterly net income surged to $619 million, or $3.21 per share, from $432 million, or $2.21 per share in the year-ago period. Its revenue increased 16% y/y to $2.35 billion from $2.03 billion. On an adjusted basis, BlackRock's earnings came in at $3.00 per share. Analysts were expecting earnings of $2.88 per share on revenue of $2.33 billion. BlackRock's shares gained 1.91% to close at $183.69 yesterday.