Broadridge reports higher sales, profits
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.
Sarra Sounds Off, Season 3, Ep 3: Top football teams in action, fantasy update and plays of the week Gregg Sarra sounds off on the Northport and Half Hollow Hills East matchup, plus Tess Ferguson has an update on the high school fantasy football standings and Jared Vailuzzi has the plays of the week.
Sarra Sounds Off, Season 3, Ep 3: Top football teams in action, fantasy update and plays of the week Gregg Sarra sounds off on the Northport and Half Hollow Hills East matchup, plus Tess Ferguson has an update on the high school fantasy football standings and Jared Vailuzzi has the plays of the week.
