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Broadridge (BR) Tops Earnings Estimates in Q3, Lags Revenues
Broadridge Financial Solutions, Inc. (BR reported mixed third-quarter fiscal 2019 results, with earnings beating but revenues lagging the Zacks Consensus Estimate.
Adjusted earnings of $1.59 cents per share beat the consensus mark by 10 cents and increased 59% on a year-over-year basis.
Total revenues of $1.2 billion lagged the consensus mark by $3 million and were up $153 million or 14% year over year. The increase was driven by higher recurring fee revenues of $128 million, higher distribution revenues of $33 million and higher event-driven fee revenues of $2 million.
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https://finance.yahoo.com/news/broadridg...02997.html
![[Bild: BRc1dl1547.png]](https://finviz.com/publish/050719/BRc1dl1547.png)
Broadridge Financial Solutions, Inc. (BR reported mixed third-quarter fiscal 2019 results, with earnings beating but revenues lagging the Zacks Consensus Estimate.
Adjusted earnings of $1.59 cents per share beat the consensus mark by 10 cents and increased 59% on a year-over-year basis.
Total revenues of $1.2 billion lagged the consensus mark by $3 million and were up $153 million or 14% year over year. The increase was driven by higher recurring fee revenues of $128 million, higher distribution revenues of $33 million and higher event-driven fee revenues of $2 million.
...
https://finance.yahoo.com/news/broadridg...02997.html
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