Broadridge Financial Solutions Inc. (BR) reported earnings for first quarter that decreased from the same period last year and missed the Street estimates.
The company's earnings totaled $50.4 million, or $0.42 per share. This compares with $67.2 million, or $0.57 per share, in last year's first quarter.
Excluding items, Broadridge Financial Solutions Inc. reported adjusted earnings of $99.7 million or $0.84 per share for the period.
Analysts on average had expected the company to earn $0.88 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 7.6% to $1.28 billion from $1.19 billion last year.
Broadridge Financial Solutions Inc. earnings at a glance (GAAP) :
-Earnings (Q1): $50.4 Mln. vs. $67.2 Mln. last year.
-EPS (Q1): $0.42 vs. $0.57 last year.
-Analyst Estimates: $0.88
-Revenue (Q1): $1.28 Bln vs. $1.19 Bln last year.
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