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Broadridge Financial: Fiscal Q1 Earnings Snapshot
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LAKE SUCCESS, N.Y. (AP) — LAKE SUCCESS, N.Y. (AP) — Broadridge Financial Solutions Inc. (BR) on Tuesday reported fiscal first-quarter earnings of $94.8 million.

On a per-share basis, the Lake Success, New York-based company said it had net income of 83 cents. Earnings, adjusted for one-time gains and costs, were $1.56 per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.37 per share.

The technology outsourcing company posted revenue of $1.67 billion in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $1.64 billion.

Broadridge Financial shares have declined 17% since the beginning of the year. The stock has declined 16% 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

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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