AP NEWS

Broadridge Financial: Fiscal 1Q Earnings Snapshot

November 6, 2018

LAKE SUCCESS, N.Y. (AP) _ Broadridge Financial Solutions Inc. (BR) on Tuesday reported fiscal first-quarter net income of $76.7 million.

On a per-share basis, the Lake Success, New York-based company said it had net income of 64 cents. Earnings, adjusted for one-time gains and costs, were 79 cents per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 70 cents per share.

The technology outsourcing company posted revenue of $972.8 million in the period, missing Street forecasts. Four analysts surveyed by Zacks expected $974.9 million.

Broadridge Financial shares have risen 29 percent since the beginning of the year. The stock has climbed 34 percent in the last 12 months.

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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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