Broadridge (BR) Misses Q3 EPS by 5c, Updates Guidance
Broadridge (NYSE: BR) reported Q3 EPS of $1.67, $0.05 worse than the analyst estimate of $1.72. Revenue for the quarter came in at $1.25 billion versus the consensus estimate of $1.25 billion.
Fiscal Year 2020 Financial Guidance
Change / Update 1 | |||
Recurring fee revenue growth | 8 – 10% | No change | |
Total revenue growth | 3 – 6% | Expected to be at low end of range | |
Operating income margin - GAAP | ~14% | No change | |
Adjusted Operating income margin - Non-GAAP | ~18%  | No change | |
Diluted earnings per share growth | (7) – (3)% | Reduced from (4) – 0% | |
Adjusted earnings per share growth - Non-GAAP | 5 – 7% | Reduced from low end of 8 – 12% | |
Closed sales | $190-230M | No change | |
(1) From full-year guidance provided in earnings release Q2 FY20 on 1/31/2020 | |||
For earnings history and earnings-related data on Broadridge (BR) click here.