Broadridge Financial Solutions Inc. Q1 Profit Decreases, But Beats Estimates

Broadridge Financial Solutions

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(RTTNews) - Broadridge Financial Solutions Inc. (BR) released earnings for first quarter that decreased from the same period last year but beat the Street estimates.

The company's earnings came in at $79.8 million, or $0.68 per share. This compares with $90.9 million, or $0.76 per share, in last year's first quarter.

Excluding items, Broadridge Financial Solutions Inc. reported adjusted earnings of $118.3 million or $1.00 per share for the period.

Analysts on average had expected the company to earn $0.97 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 0.6% to $1.422 billion from $1.431 billion last year.

Broadridge Financial Solutions Inc. earnings at a glance (GAAP) :

-Earnings (Q1): $79.8 Mln. vs. $90.9 Mln. last year. -EPS (Q1): $0.68 vs. $0.76 last year. -Revenue (Q1): $1.422 Bln vs. $1.431 Bln last year.