Broadridge (BR) Tops Q2 EPS by 3c, Revenues Beat

February 2, 2021 7:09 AM EST

News and research before you hear about it on CNBC and others. Claim your 1-week free trial to StreetInsider Premium here.

Broadridge (NYSE: BR) reported Q2 EPS of $0.73, $0.03 better than the analyst estimate of $0.70. Revenue for the quarter came in at $1.06 billion versus the consensus estimate of $1.02 billion.

"After a strong second quarter, we expect to be at the higher end of our full-year 2021 guidance range for 3-6% Recurring revenue and 6-10% Adjusted EPS growth," said Tim Gokey, Broadridge's Chief Executive Officer. "Broadridge delivered 7% Recurring revenue growth and 38% Adjusted EPS growth in the second quarter.

"We are executing well on our targeted growth plans across Governance, Capital Markets, and Wealth & Investment Management. As we enter our seasonally more significant second half of the year, we will continue to invest to support our long-term growth strategies," Mr. Gokey added.

"Our Fiscal 2021 outlook puts us squarely on track to achieve the three-year growth objectives we presented at our investor day two months ago, including 7-9% Recurring revenue and 8-12% Adjusted EPS growth," Mr. Gokey concluded.

For earnings history and earnings-related data on Broadridge (BR) click here.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Corporate News, Earnings, Management Comments

Related Entities

Earnings