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 Ep. 35: EI baseball, girls lacrosse and plays of the week On the latest episode of "Sarra Sounds Off," we look at East Islip baseball's inspirational comeback story, Jared Valluzzi has the plays of the week and Tess Ferguson breaks down the top defensive players in girls lacrosse.
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