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Broadridge reports higher sales, profits

Broadridge Financial Solutions reported Thursday, Feb. 7, 2013,

Broadridge Financial Solutions reported Thursday, Feb. 7, 2013, increased sales and profits for its second quarter as a result of increased business and more distribution fees. This is a picture of the Edgewood plant. (May 9, 2012) (Credit: Newsday / Alejandra Villa)

Broadridge Financial,  a Lake Success-based company which provides investor communications and securities processing, reported increased sales and profits for its second fiscal quarter as a result of increased business and more distribution fees.

The company had revenues of $493 million in the quarter ending Dec. 31, a three percent increase from $480 million in the same period last year. Broadridge also reported profits of $16 million, or 13 cents a share, compared to making $7 million in the year-ago period.

Profits, however, missed expectations as analysts expected earnings of 14 cents per share.

Broadridge's stock fell about three percent in early  trading Thursday.

Tags: broadridge financial , earnings , public company

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