The Latest Breaking News from Broadridge

Broadridge Financial Solutions has underperformed the Dow Jones Industrial Average over the past year, yet analysts remain moderately bullish on the stock’s prospects.

As Broadridge Financial gears up to unveil its fourth-quarter earnings next month, analysts anticipate a single-digit growth in its bottom line.

Broadridge Financial Solutions, Inc (NYSE:BR) reported third-quarter FY22 revenue growth of 10% to $1.534 billion, marginally missing the consensus of $1.54 billion. Recurring fee revenues increased 16% Y/Y to $1.01 billion. Distribution revenues rose 6% Y/Y to $472 million.  ICS segment total revenues increased 6% Y/Y to $1.16 billion, and GTO recurring fee…

Broadridge Financial Solutions Inc (NYSE:BR) reported second-quarter FY22 revenue growth of 19% to $1.26 billion, beating the consensus of $1.20 billion. Recurring fee revenues increased 19% Y/Y to $798 million. Distribution revenues rose 17% Y/Y to $401.5 million.  ICS segment total revenues increased 15% Y/Y to $893 million, and GTO recurring fee revenues…