Broadridge Financial: Fiscal Q1 Earnings Snapshot
LAKE SUCCESS, N.Y. (AP) — LAKE SUCCESS, N.Y. (AP) — Broadridge Financial Solutions Inc. (BR) on Tuesday reported fiscal first-quarter earnings of $94.8 million.
On a per-share basis, the Lake Success, New York-based company said it had net income of 83 cents. Earnings, adjusted for one-time gains and costs, were $1.56 per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.37 per share.
The technology outsourcing company posted revenue of $1.67 billion in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $1.64 billion.
Broadridge Financial shares have declined 17% since the beginning of the year. The stock has declined 16% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BR at https://www.zacks.com/ap/BR
