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BlackRock’s 2Q profit falls 20% to $218M

Investment manager BlackRock Inc. said Tuesday its second-quarter profit tumbled 20 percent, but its earnings still surpassed analysts' expectations.

Investment manager BlackRock Inc. said Tuesday its second-quarter profit tumbled 20 percent, but its earnings still surpassed analysts' expectations.

Net income for the quarter ended June 30 fell to $218 million, or $1.59 per share, compared with earnings of $274 million, or $2.00 per share, duri

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