S&P 500 2,441.20 17.28
Gold$1,224.80 $5.30
Nasdaq 6,253.81 61.92
Crude Oil $60,490.00      $-1570.00
DAILY EARNINGS

BlackRock Net Soars; J B Hunt Net Declines 7%


Author: Mukesh Buch
ticker.com
Last Update: 10:11 AM ET July 17 2017

12:00 PM New York BlackRock second-quarter net soared 8% to $857 million and revenues jumped 6%. J B Hunt second-quarter net declined 6.8% to $97.9 million and revenues advanced 7%.

Tollbooth Index gained 19.16 or 0.2% to 12,350.92.

Earnings Review

BlackRock, Inc (BLK) slumped 2.5% or $10.96 to $427.38 after the investment manager reported revenues in the second-quarter ending in June jumped 6% from a year ago to $2.9 billion.

Net income in the quarter soared 8% to $857 million or $5.22 per diluted share from $789 million or $4.73 in the same quarter last year.

BlackRock said as of June 30, assets under management in the quarter crossed $1.5 trillion with a record $103.6 billion of total net inflows.

J B Hunt Transport Services Inc (JBHT) fell 38 cents to $91.47 after the trucking services provider said revenues in the second-quarter ending in June advanced 7% from a year ago to $1.7 billion.

Net income in the quarter jumped 5.7% to $97.9 million or 88 cents per diluted share from $105 million or 92 cents in the same quarter last year.
  1
Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc