TMFM - Why Broadridge Financial Shares Are Diving Today | Benzinga
Broadridge Financial Solutions Inc (NYSE:BR) shares are trading lower after it reported third-quarter FY24 results.
The company reported revenue growth of 5% to $1.726 billion, missing the consensus of $1.767 billion.
Recurring revenues increased 4% Y/Y to $1.13 billion, and Distribution revenues rose 4% Y/Y to $533 million. Event-driven segment revenues grew 29% Y/Y to $67 million in the quarter.
Adjusted operating income rose 7% Y/Y to $370 million, with margin expanded to 21.4% from ...