Broadridge Financial Earns $1.67 per Share

We got our final earnings report this morning when Broadridge Financial Solutions (BR) said it made $1.67 per share for its fiscal Q3. That was below Wall Street’s view of $1.72 per share.

“Our financial performance during the Third Quarter and our outlook for Fiscal Year 2020 underscores the resilience of Broadridge’s business model. Third Quarter Recurring revenues rose 9% and Adjusted EPS rose 5% even in the face of significantly lower event-driven activity and proxy timing shift. While tempered by lower event-driven activity, our updated guidance calls for continued growth in the fourth quarter, reflecting the essential nature of our work and the dedication of our associates,” Mr. Gokey added.

Here’s their guidance:

The stock is basically flat for the day.

Posted by on May 8th, 2020 at 11:02 am


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.