BlackRock (BLK) Misses Q1 EPS by 4c
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BlackRock Reports First Quarter 2016 Diluted EPS of $3.92, or $4.25 as Adjusted
April 14, 2016 6:30 AM EDT$36.1 billion of long-term net inflows reflect continued resilience of differentiated business model Restructuring charge of $76 million from initiative to streamline and simplify organization excluded from as adjusted results Expansion in as adjusted operating margin from prior year reflects organic growth and expense discipline, despite negative market performance Diluted EPS decrease of 19% (13% as adjusted) year-over-year, reflects impact of decline in average AUM and lower performance fees in current quarter, and lower effective tax rate and one-time nonoperating gain in prior year quarter 5%... More
