Broadridge Financial: Fiscal 1Q Earnings Snapshot

LAKE SUCCESS, N.Y. (AP) _ Broadridge Financial Solutions Inc. (BR) on Friday reported fiscal first-quarter net income of $65.8 million.

The Lake Success, New York-based company said it had profit of 56 cents per share. Earnings, adjusted for one-time gains and costs, were 98 cents per share.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 63 cents per share.

The technology outsourcing company posted revenue of $1.02 billion in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $961.5 million.

Broadridge Financial shares have increased 12% since the beginning of the year. The stock has climbed 11% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BR at https://www.zacks.com/ap/BR