BlackRock Inc.

(NYSE:BLK) on Wednesday reported second-quarter results that beat Wall Street expectations.

Second-quarter revenue increased 31% year over year to $7.08 billion, topping the analyst consensus estimate of $6.70 billion.

Adjusted earnings came in at $13.91 per share, ahead of the consensus estimate of $12.60.

Chief Executive Officer Laurence Fink said strong market conditions, improving profitability and advances in technology continued to drive growth.