Broadridge Financial Solutions (BR) Tops Q1 EPS by 3c, Offers FY12 Outlook Update

Broadridge Financial Solutions (NYSE: BR) reported Q1 EPS of $0.13, $0.03 better than the analyst estimate of $0.10. Revenue for the quarter came in at $476 million versus the consensus estimate of $473.6 million.

Fiscal Year 2012 Financial Guidance As a result of the acquisition of Paladyne Systems, Inc. in September 2011, we are increasing our revenue guidance, but maintaining our earnings guidance. We anticipate revenue growth in the range of 9% to 11%, GAAP earnings from continuing operations before income taxes margin in the range of 11.5% to 12.2% and Non-GAAP earnings from continuing operations before income taxes margin in the range of 12.9% to 13.6%. We anticipate GAAP diluted earnings per share from continuing operations in the range of $1.34 to $1.44, and Non-GAAP diluted earnings per share from continuing operations in the range of $1.50 to $1.60

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