US Stock Market Move | Q4 revenue exceeds expectations, BlackRock, Inc. (BLK.US) rises more than 5% in pre-market trading.

On Wednesday, BlackRock, Inc. (BLK.US) saw its pre-market stock price rise by over 5% to $1015. BlackRock, Inc. reported a 23% increase in adjusted earnings per share in Q4 compared to the same period last year, reaching $11.93, surpassing market expectations. Q4 revenue also rose by 23% year-on-year to nearly $5.7 billion, exceeding market expectations. The total revenue for 2024 is expected to exceed $20 billion, showing a 14% increase compared to the previous year. The company's adjusted annual operating profit increased by 23%, with a profit margin of 44.5%, an improvement of 280 basis points compared to the previous year, placing it in a leading position in the industry.