LAKE SUCCESS, N.Y. (AP) — LAKE SUCCESS, N.Y. (AP) — Broadridge Financial Solutions Inc. (BR) on Tuesday reported fiscal first-quarter profit of $79.8 million.
The Lake Success, New York-based company said it had net income of 68 cents per share. Earnings, adjusted for one-time gains and costs, came to $1 per share.
The results met Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of $1 per share.
The technology outsourcing company posted revenue of $1.42 billion in the period, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $1.48 billion.
Broadridge Financial shares have increased roughly 2% since the beginning of the year. The stock has risen 17% 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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