Broadridge (BR) Misses Q2 EPS by 18c
Broadridge (NYSE: BR) reported Q2 EPS of $0.53, $0.18 worse than the analyst estimate of $0.71. Revenue for the quarter came in at $969 million versus the consensus estimate of $997.02 million.
Fiscal Year 2020 Financial Guidance - Updated
Change / Update1 | |||
Recurring fee revenue growth | 8-10% | No change | |
Total revenue growth | 3-6% | No change | |
Operating income margin - GAAP | ~14% | Reduced from ~15%2 | |
Adjusted Operating income margin - Non-GAAP | ~18% | No change | |
Diluted earnings per share growth | (4)-0% | Reduced from 5-9%2 | |
Adjusted earnings per share growth - Non-GAAP | 8-12% | Expected to be at low end of range | |
Closed sales | $190-230M | No change | |
(1) From full-year guidance provided in earnings release Q1 FY20 on 11/6/2019 |
For earnings history and earnings-related data on Broadridge (BR) click here.