$BLK (-0.38%) World's largest asset manager earns decent money

Blackrock clearly beat profit expectations in the third quarter. At USD 11.46 (expected: USD 10.40), earnings per share were well above estimates.

Sales totaled USD 5.2 billion (expected: USD 5 billion) and increased by 15 % compared to the previous year. The company now manages USD 11.48 trillion. In the third quarter, a further USD 221 billion flowed into the company's products