Broadridge Financial Solutions Inc. Q1 Profit Decreases, misses estimates

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

The company's earnings totaled $50.4 million, or $0.42 per share. This compares with $67.2 million, or $0.57 per share, in last year's first quarter.

Excluding items, Broadridge Financial Solutions Inc. reported adjusted earnings of $99.7 million or $0.84 per share for the period.

Analysts on average had expected the company to earn $0.88 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 7.6% to $1.28 billion from $1.19 billion last year.

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

-Earnings (Q1): $50.4 Mln. vs. $67.2 Mln. last year. -EPS (Q1): $0.42 vs. $0.57 last year. -Analyst Estimates: $0.88 -Revenue (Q1): $1.28 Bln vs. $1.19 Bln last year.