Revenue and earnings move higher
Flows aside, BlackRock posted revenue and earnings gains in the quarter and increased its assets under management by about 14% year over year to $9.1 trillion.
Revenue was up 5% to $4.5 billion, while net income jumped 14% to $1.6 billion or $10.66 per share.
Both beat analysts’ consensus estimates.
BlackRock’s revenue gains came from higher investment advisory fees, which are based on asset totals, so the rising stock market provided a boost.
BlackRock also saw a 20% increase in Technology Services revenue to $407 million, reflecting higher demand for its Aladdin portfolio management software and other analytics tools.
Despite the solid earnings, BlackRock’s stock price was down almost 2% on Friday as investors were more concerned about the outflows.
However, Fink put the situation into perspective.
這是財經新聞常見的標題寫法。標題通常會省略冠詞與部分文法成分,讓文字更加簡潔。
move higher 在財經英文中表示「上升、走高」。
move higher:上升、走高
營收上升 5%。
- move higher → rise
- move higher → increase
- move higher → climb
- move higher → gain
Flows aside 是插入句首的介系詞片語,表示「撇開資金流向不談」或「暫且不考慮資金流向」。
posted revenue and earnings gains 中的 post 在財經英文中常表示「報告、錄得、實現」,而不是一般的「張貼」。
increased its assets under management by about 14% 中:
- by 14%:增加 14%
- year over year:年增、與去年同期相比
- to $9.1 trillion:增加至 9.1 兆美元
flows aside:撇開資金流向不談
post gains:錄得成長、實現成長
assets under management:管理資產
year over year:年增、與去年同期相比
- flow:資金流向
- revenue:營收
- earnings:獲利、盈餘
- gain:增加、成長
- assets:資產
- management:管理
- trillion:兆
- flows aside → leaving flows aside
- post → report / record
- gains → increases / growth
- year over year → compared with the same period last year
Revenue was up 5% 中的 be up + 百分比 是財經新聞非常常見的句型,表示「上升……%」。
while 在這裡表示對比,可以理解為「而、同時」。
net income jumped 14% 中的 jump 在財經英文中表示「大幅上升」,並不是字面上的「跳」。
per share 表示「每股」。
be up 5%:上升 5%
jump 14%:大增 14%
per share:每股
- revenue:營收
- net income:淨利
- jump:大幅上升
- per share:每股
- be up → increase / rise
- jump → surge / climb / increase
- net income → net profit
Both 指前一句提到的兩項數據,也就是 revenue 與 net income。
beat analysts’ consensus estimates 表示「超出分析師的一致預期」。
在財經英文中,beat 經常用來表示公司的實際財務結果高於市場預期。
beat estimates:超出預期
consensus estimates:市場一致預期、分析師一致預估
獲利超出預期。
- both:兩者都
- beat:超過、勝過
- analyst:分析師
- consensus:共識、一致意見
- estimate:預估、預期
- beat → exceed / surpass
- consensus estimate → market expectation
- estimate → forecast / projection
revenue gains came from… 表示「營收成長來自……」。
which are based on asset totals 是關係子句,補充說明前面的 investment advisory fees。
be based on 表示「以……為基礎」、「根據……決定」。
so 在這裡表示因果關係,相當於「因此」。
come from:來自
be based on:以……為基礎、根據……
provide a boost:帶來助力、提供推動作用
上漲的股市為營收帶來助力。
- investment advisory fee:投資顧問費
- asset total:資產總額
- rising:上升的
- stock market:股市
- boost:推動、助力
- be based on → be determined by / be calculated from
- boost → lift / support / benefit
- rising → increasing / climbing
saw a 20% increase 中的 saw 在財經英文中表示「出現、經歷、錄得」。
reflecting higher demand… 是現在分詞片語,用來補充說明營收增加所反映的情況。
demand for + 名詞 表示「對……的需求」。
see an increase in:出現……的增加
reflect higher demand:反映出更高的需求
demand for:對……的需求
- increase:增加
- reflect:反映
- demand:需求
- portfolio:投資組合
- management:管理
- software:軟體
- analytics:分析、數據分析
- tool:工具
- increase → rise / growth
- reflect → indicate / show
- demand → need / appetite
- analytics tools → analytical tools
Despite + 名詞 表示「儘管……」。
這裡的 the solid earnings 是名詞片語,因此可以放在 despite 後面。
was down almost 2% 表示「下跌近 2%」。
as investors were more concerned about the outflows 中的 as 表示原因,可以理解為「因為、由於」。
despite:儘管
be down:下跌
be concerned about:擔心、關注
儘管獲利強勁,股價仍然下跌。
- solid:穩健的、良好的
- earnings:獲利
- stock price:股價
- concerned:擔心的、關注的
- outflow:資金流出
- solid → strong / robust / healthy
- despite → in spite of
- concerned about → worried about / focused on
- fall → decline / drop
put something into perspective 是固定片語,表示「從適當的角度看待某事」、「客觀看待某件事情」。
這裡的 the situation 是 put 的受詞。
put something into perspective:從適當角度看待某事、客觀看待某事
我們需要從適當的角度看待這些結果。
- however:然而
- situation:情況
- perspective:觀點、角度
- put something into perspective → put something in context
- put something into perspective → view something in context
- perspective → viewpoint / context
- move higher — 上升、走高
- flows aside — 撇開資金流向不談
- post gains — 錄得成長
- assets under management — 管理資產
- year over year — 年增、與去年同期相比
- be up — 上升
- jump — 大幅上升
- beat estimates — 超出預期
- consensus estimates — 市場一致預期
- be based on — 以……為基礎
- provide a boost — 帶來助力
- reflect higher demand — 反映出更高需求
- despite — 儘管
- be concerned about — 擔心、關注
- put something into perspective — 從適當角度看待某事