LAKE SUCCESS, N.Y. (AP) — LAKE SUCCESS, N.Y. (AP) — Broadridge Financial Solutions Inc. (BR) on Tuesday reported fiscal fourth-quarter net income of $374.2 million.
On a per-share basis, the Lake Success, New York-based company said it had net income of $3.16. Earnings, adjusted for non-recurring costs, were $3.55 per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $3.51 per share.
The technology outsourcing company posted revenue of $2.07 billion in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $2.05 billion.
For the year, the company reported profit of $839.5 million, or $7.10 per share. Revenue was reported as $6.89 billion.
Broadridge Financial shares have climbed nearly 10% since the beginning of the year. The stock has climbed 15% 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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