LPL Financial Holdings Inc. (LPLA) released earnings for its fourth quarter that increased from the same period last year and beat the Street estimates.
The company's earnings totaled $270.75 million, or $3.59 per share. This compares with $217.56 million, or $2.85 per share, last year.
Excluding items, LPL Financial Holdings Inc. reported adjusted earnings of $320.26 million or $4.25 per share for the period.
Analysts on average had expected the company to earn $3.96 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 32.9% to $3.512 billion from $2.643 billion last year.
LPL Financial Holdings Inc. earnings at a glance (GAAP) :
-Earnings: $270.75 Mln. vs. $217.56 Mln. last year.
-EPS: $3.59 vs. $2.85 last year.
-Revenue: $3.512 Bln vs. $2.643 Bln last year.
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