Broadridge Financial: Fiscal 4Q Earnings Snapshot

August 7, 2018

LAKE SUCCESS, N.Y. (AP) _ Broadridge Financial Solutions Inc. (BR) on Tuesday reported fiscal fourth-quarter earnings of $206.9 million.

The Lake Success, New York-based company said it had profit of $1.72 per share. Earnings, adjusted for one-time gains and costs, were $1.86 per share.

The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.88 per share.

The technology outsourcing company posted revenue of $1.32 billion in the period, also falling short of Street forecasts. Three analysts surveyed by Zacks expected $1.33 billion.

For the year, the company reported profit of $427.9 million, or $3.56 per share. Revenue was reported as $4.33 billion.

Broadridge Financial shares have climbed 28 percent since the beginning of the year. The stock has increased 54 percent 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

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