Broadridge Financial: Fiscal Q2 Earnings Snapshot

LAKE SUCCESS, N.Y. (AP) _ Broadridge Financial Solutions Inc. (BR) on Thursday reported fiscal second-quarter earnings of $57.5 million.

On a per-share basis, the Lake Success, New York-based company said it had net income of 48 cents. Earnings, adjusted for one-time gains and costs, came to 91 cents per share.

The results met Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 91 cents per share.

The technology outsourcing company posted revenue of $1.29 billion in the period, missing Street forecasts. Four analysts surveyed by Zacks expected $1.34 billion.

Broadridge Financial shares have risen 14% since the beginning of the year. The stock has risen slightly 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 BR">Zacks stock report on BR at https://www.zacks.com/ap/BR