Broadridge Financial Solutions Q1 adjusted EPS USD 1.56 vs. IBES estimate USD 1.37
BR•Broadridge Financial Solutions reported Q1 adjusted EPS of USD 1.56, compared with the IBES estimate of USD 1.37. Revenue was USD 1.669 billion, net income was USD 94.8 million, annual recurring revenue was USD 1.083 billion, and the company expects FY adjusted EPS growth of 8% to 12%.
1. Q1 results and outlook
Broadridge Financial Solutions reported Q1 net income of USD 94.8 million and EPS of USD 0.83. Revenue was USD 1.669 billion versus the IBES estimate of USD 1.648 billion, annual recurring revenue was USD 1.083 billion, and the company’s FY outlook calls for adjusted EPS growth of 8% to 12%.
