LAKE SUCCESS, N.Y. (AP) — Broadridge Financial Solutions Inc. (BR) on Tuesday reported fiscal third-quarter earnings of $165 million.
The Lake Success, New York-based company said it had net income of $1.40 per share. Earnings, adjusted for non-recurring costs, were $1.76 per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.67 per share.
The technology outsourcing company posted revenue of $1.39 billion in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $1.28 billion.
Broadridge Financial shares have climbed slightly more than 4% since the beginning of the year. The stock has increased 42% in the last 12 months.