Broadridge Financial Solutions Inc. Q2 Profit Increases, beats estimates

Broadridge Financial Solutions Inc. (BR) reported a profit for its second quarter that increased from the same period last year and beat the Street estimates.

The company's bottom line totaled $57.5 million, or $0.48 per share. This compares with $47.2 million, or $0.40 per share, in last year's second quarter.

Excluding items, Broadridge Financial Solutions Inc. reported adjusted earnings of $108.4 million or $0.91 per share for the period.

Analysts on average had expected the company to earn $0.90 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 2.4% to $1.29 billion from $1.26 billion last year.

Broadridge Financial Solutions Inc. earnings at a glance (GAAP) :

-Earnings (Q2): $57.5 Mln. vs. $47.2 Mln. last year.
-EPS (Q2): $0.48 vs. $0.40 last year.
-Analyst Estimate: $0.90
-Revenue (Q2): $1.29 Bln vs. $1.26 Bln last year.

For comments and feedback contact: editorial@rttnews.com

Follow RTT