LPL Financial's (LPLA) Q1 Earnings Beat on Higher Revenues
LPLALPL Financial(LPLA) Zacks Investment Research·2024-05-01 21:05

LPL Financial’s (LPLA) first-quarter 2024 adjusted earnings of 4.21persharehandilyoutpacedtheZacksConsensusEstimateof4.21 per share handily outpaced the Zacks Consensus Estimate of 3.77. The bottom line, however, reflects a decline of 6% year over year. Results benefited from robust improvement in revenues, partly offset by an increase in expenses. LPLA recorded growth in brokerage and advisory assets, which acted as a tailwind. After considering certain non-recurring items, net income was 268.8millionor268.8 million or 3.83 per share, down from 338.9millionor338.9 million or 4.24 ...