BlackRock, Inc. (BLK) reported a 15% decrease in third-quarter EPS, and 16% decline in adjusted EPS, year-over-year which reflects a lower effective tax rate and a lower diluted share count, partially offset by lower nonoperating income, in the current quarter. The company recorded a 21% decrease in operating income, or 22% as adjusted, from last year. Revenue declined 15% primarily driven by the impact of significantly lower markets and dollar appreciation on average AUM and lower performance fees.
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