10:25 AM EDT, 10/11/2024 (MT Newswires) -- (Adds assets under management in the fifth paragraph).

BlackRock (BLK) reported Q3 adjusted earnings Friday of $11.46 per diluted share, up from $10.91 a year earlier.

Analysts polled by Capital IQ expected $10.32.

Revenue in the quarter ended Sept. 30 rose to $5.2 billion from $4.52 billion a year earlier.

Analysts surveyed by Capital IQ expected $4.92 billion.

Assets under management in Q3 rose to $11.48 trillion from $9.1 trillion a year earlier on $456 billion of net inflows and "positive market movements," the company said.

BlackRock shares rose 3.3% in recent Friday trading.

Price: 987.05, Change: +31.45, Percent Change: +3.29