Broadridge Financial Solutions Q2 Profit Up

(RTTNews) - Broadridge Financial Solutions, Inc. (BR) Thursday reported second-quarter profit of $28 million or $0.22 per share, up from $16 million or $0.13 per share in the same period last year.

Adjusted earnings for the quarter were $31 million or $0.25 per share. On average, five analysts polled by Thomson Reuters expected the company to earn $0.25 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues increased 6 percent to $521 million from $493 million last year. Analysts expected revenues of $515.87 million.

Looking ahead, the company has raised its full-year adjusted earnings guidance to a range of $2.15 to $2.25 from its previous guidance range of $2.00 to $2.10 per share. Analysts currently expect the company to report full-year earnings of $2.22 per share on revenues of $2.54 billion.