NEW YORK (AP) _ BlackRock Inc. (BLK) on Wednesday reported second-quarter profit of $1.38 billion.

The New York-based company said it had net income of $8.92 per share. Earnings, adjusted for non-recurring costs, came to $10.03 per share.

The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $9.33 per share.

The investment firm posted revenue of $4.82 billion in the period.

BlackRock shares have risen 26% since the beginning of the year, while the S&P's 500 index has risen 16%. The stock has increased 64% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BLK at https://www.zacks.com/ap/BLK

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