LPL Financial Holdings Inc. Q4 Profit Increases, Beats Estimates

(RTTNews) - LPL Financial Holdings Inc. (LPLA) released earnings for its fourth quarter that increased from the same period last year and beat the Street estimates.

The company's earnings totaled $270.75 million, or $3.59 per share. This compares with $217.56 million, or $2.85 per share, last year.

Excluding items, LPL Financial Holdings Inc. reported adjusted earnings of $320.26 million or $4.25 per share for the period.

Analysts on average had expected the company to earn $3.96 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 32.9% to $3.512 billion from $2.643 billion last year.

LPL Financial Holdings Inc. earnings at a glance (GAAP) :

-Earnings: $270.75 Mln. vs. $217.56 Mln. last year. -EPS: $3.59 vs. $2.85 last year. -Revenue: $3.512 Bln vs. $2.643 Bln last year.