Broadridge Financial: Fiscal 4Q Earnings Snapshot
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.