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Update: BlackRock Shares Rise After Better-Than-Expected Q2 Results

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(Updates with the company's latest stock move in the headline and in the first paragraph.)

BlackRock (BLK) shares were up 6.2% in Wednesday trading after the company posted Q2 results that were better than analysts' expectations.

The company reported quarterly adjusted earnings of $13.91 per share, up from $12.05 a year earlier.

Analysts surveyed by FactSet expected $12.69.

Revenue for the quarter ended June 30 was $7.08 billion, up from $5.42 billion a year earlier.

Analysts polled expected $6.73 billion.

Price: $1086.58, Change: $+61.14, Percent Change: +5.96%

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