LPL Financial Announces First Quarter 2019 Results
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LPL Financial (LPLA) Tops Q1 EPS by 20c, Revenues Beat
May 2, 2019 4:34 PM EDTLPL Financial (NASDAQ: LPLA) reported Q1 EPS of $1.79, $0.20 better than the analyst estimate of $1.59. Revenue for the quarter came in at $1.37 billion versus the consensus estimate of $1.35 billion.
First Quarter 2019 Key Performance Indicators
Earnings per share ("EPS") increased 77% year-over-year to $1.79. -- Net Income increased 66% year-over-year to $155 million.EPS Prior to Amortization of Intangible Assets** increased 74% year-over-year to $1.93.Total Brokerage and Advisory Assets increased 6% year-over-year to $684 billion.Total Net New Assets were an inflow of $4.0 billion, translating to a 2.5% annualized growth rate.-- Net new advisory assets were an... More