LPL Financial Holdings Inc. Q2 Profit Increases, Beats Estimates

(RTTNews) - LPL Financial Holdings Inc. (LPLA) revealed a profit for its second quarter that Increased from last year and beat the Street estimates.

The company's earnings totaled $273.25 million, or $3.40 per share. This compares with $243.80 million, or $3.23 per share, last year.

Excluding items, LPL Financial Holdings Inc. reported adjusted earnings of $4.51 per share for the period.

Analysts on average had expected the company to earn $4.21 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 30.8% to $3.835 million from $2.931 million last year.

LPL Financial Holdings Inc. earnings at a glance (GAAP) :

-Earnings: $273.25 Mln. vs. $243.80 Mln. last year. -EPS: $3.40 vs. $3.23 last year. -Revenue: $3.835 Mln vs. $2.931 Mln last year.