LPL Financial (LPLA) Tops Q1 EPS by 15c
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LPL Financial Announces First Quarter 2017 Results
April 27, 2017 4:06 PM EDTKey Performance Indicators
Earnings per share ("EPS") decreased 7% year-over-year to $0.52, up 13% sequentially.- This includes a charge related to the March 2017 debt refinancing that reduced EPS by $0.14. Excluding this charge, EPS was $0.66, up 18% year-over-year.- Net Income decreased 4% year-over-year to $48 million, up 15% sequentially. Excluding the debt refinancing charge, Net Income was $61 million, up 21% year-over-year.Total Brokerage and Advisory Assets increased 11% year-over-year to $530 billion, up 4% sequentially.Total Net New Assets were an... More