LAKE SUCCESS, N.Y. (AP) — LAKE SUCCESS, N.Y. (AP) — Broadridge Financial Solutions Inc. (BR) on Tuesday reported fiscal first-quarter earnings of $165.4 million.
On a per-share basis, the Lake Success, New York-based company said it had net income of $1.40. Earnings, adjusted for one-time gains and costs, were $1.51 per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.19 per share.
The technology outsourcing company posted revenue of $1.59 billion in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $1.53 billion.
Broadridge Financial shares have declined 2% since the beginning of the year. The stock has climbed 5% 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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