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Broadridge Financial: Fiscal 4Q Earnings Snapshot

August 1, 2019

LAKE SUCCESS, N.Y. (AP) _ Broadridge Financial Solutions Inc. (BR) on Thursday reported fiscal fourth-quarter profit of $183.2 million.

On a per-share basis, the Lake Success, New York-based company said it had net income of $1.55. Earnings, adjusted for one-time gains and costs, came to $1.72 per share.

The results matched Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of $1.72 per share.

The technology outsourcing company posted revenue of $1.21 billion in the period, which missed Street forecasts. Four analysts surveyed by Zacks expected $1.22 billion.

Broadridge Financial shares have risen 32% since the beginning of the year. The stock has risen 13% 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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