Broadridge Financial Solutions Inc Reaffirms FY 2013 Guidance

Broadridge Financial Solutions Inc announced that it is reaffirming its fiscal 2013 guidance. The Company anticipate recurring revenue growth in the range of 4% to 7% and total revenue growth in the range of 3% to 4%, GAAP earnings from continuing operations before income taxes margins in the range of 13.8% to 14.4%, and Non-GAAP earnings from continuing operations before income taxes margins in the range of 15.1% to 15.7%. The Company anticipate GAAP diluted earnings per share from continuing operations in the range of $1.60 to $1.70, and Non-GAAP diluted earnings per share (EPS) from continuing operations in the range of $1.76 to $1.86. The Company's Non-GAAP earnings guidance excludes the projected impact of Acquisition Amortization and Other Costs and Penson Charges, net. The Non-GAAP pre-tax earnings margins and diluted earnings per share guidance ranges increased from its previously provided guidance as a result of the exclusion of the impact of Acquisition Amortization and Other Costs which was not excluded in the previous guidance. The Company reported revenue of $2.304 billion in fiscal 2012. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $2.378 billion for fiscal 2013.