LAKE SUCCESS, N.Y. (AP) — LAKE SUCCESS, N.Y. (AP) — Broadridge Financial Solutions Inc. (BR) on Tuesday reported fiscal second-quarter earnings of $284.6 million.
On a per-share basis, the Lake Success, New York-based company said it had profit of $2.42. Earnings, adjusted for one-time gains and costs, were $1.59 per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.34 per share.
The technology outsourcing company posted revenue of $1.71 billion in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $1.59 billion.
Broadridge Financial shares have fallen 11% since the beginning of the year. The stock has declined 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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