Broadridge Financial Solutions (BR) reported quarterly earnings results on Thursday, May-5-2016. The company said it had a profit of $0.58 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.07. Analysts had a consensus of $0.51. The company posted revenue of $688.80 million in the period, compared to analysts expectations of $686.40 million. The company’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 EPS.
Broadridge Financial Solutions closed down -0.66 points or -1.10% at $59.58 with 12,66,886 shares getting traded on Wednesday. Post opening the session at $60.21, the shares hit an intraday low of $59.5 and an intraday high of $60.5199 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Mar 2, 2016, Robert Schifellite (Corporate Senior VP) purchased 16 shares at $51.85 per share price. According to the SEC, on Feb 17, 2016, Charles J Marchesani (Corporate Vice President) sold 37,914 shares at $55.19 per share price. On Jan 6, 2016, Douglas Richard Deschutter (Corporate Vice President) sold 9,075 shares at $52.44 per share price, according to the Form-4 filing with the securities and exchange commission.
Broadridge Financial Solutions Inc. (Broadridge) is a provider of investor communications and technology-driven solutions to banks broker-dealers mutual funds and corporate issuers. The Company delivers a range of solutions that help its clients serve their retail and institutional customers across the entire investment lifecycle including pre-trade trade and post-trade processing. It serves a diverse client base across its five businesses: Bank/Broker-Dealer Investor Communication Solutions Corporate Issuer Solutions Advisor Solutions Mutual Fund and Retirement Solutions and Global Technology and Operations. Its businesses operate in two business segments: Investor Communication Solutions and Global Technology and Operations. Its services include investor communications securities processing and data and analytics solutions. It provides an infrastructure that helps the financial services industry operate. It provides financial services firms with integrated systems.