Broadridge Financial: Fiscal Q2 Earnings Snapshot

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LAKE SUCCESS, N.Y. (AP) — LAKE SUCCESS, N.Y. (AP) — Broadridge Financial Solutions Inc. (BR) on Friday reported fiscal second-quarter earnings of $142.4 million.

The Lake Success, New York-based company said it had net income of $1.20 per share. Earnings, adjusted for one-time gains and costs, were $1.56 per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.39 per share.

The technology outsourcing company posted revenue of $1.59 billion in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $1.54 billion.

Broadridge Financial shares have increased roughly 6% since the beginning of the year. The stock has increased 14% 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