BlackRock Inc., the world’s largest money manager, said Wednesday its second-quarter net income rose to $432 million, or $2.21 a share, up 98 percent from $218 million, or $1.59 a share, in the year-earlier period.

Adjusted quarterly earnings for the New York financial-services company came in at $463 million, or $2.37 a share.

Analysts polled by FactSet Research, on average, expected earnings of $2.29 a share.

Revenue nearly doubled for the quarter, to $2.03 billion from $1.03 billion. As of June 30, assets under management amounted to $3.1 trillion, down six percent from the end of the first quarter.

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