BlackRock

(BLK) - Get Report

said third-quarter earnings were up 21% and on par with analysts' estimates, due to strong product performance.

The company provided fourth-quarter and full-year 2002 and 2003 earnings outlooks as well.

The company earned $33.2 million, or 51 cents a share, compared with $27.4 million, or 42 cents a share, a year ago. Analysts were expecting the company to earn 51 cents a share, on average.

BlackRock said that during the quarter it "completed the offering of a new high-yield collateralized bond obligation," which added "new alternative investment assets" worth $312 million. The company also completed a new offering totaling $830 million of closed-end fund assets.

Revenue was $137.1 million, up 2% from last year's $134.8 million.

For the fourth quarter, the company expects to earn between 50 cents and 52 cents a share. Analysts were expecting a similar range of 50 cents to 51 cents a share. The company earned 42 cents a share in the fourth quarter last year.

Looking to 2002, BlackRock expects to earn between $2.02 and $2.04 a share, on par with analysts' expectations, and compared with $1.65 a share last year.

For 2003, the company forecast earnings to fall at the lower end of its previous $2.28 to $2.38 a share outlook. Analysts' consensus is $2.34 a share.

Shares of New York-based BlackRock closed at $37.36 Thursday on the

New York Stock Exchange