LPL Financial Holdings Inc. Reveals 46% Retreat In Q4 Bottom Line

(RTTNews) - LPL Financial Holdings Inc. (LPLA) reported earnings for fourth quarter that dropped compared to the same period last year.

The company said its bottom line fell to $35.66 million, or $0.37 per share. This was lower than $66.04 million, or $0.66 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.51 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 7.3% to $1.02 billion. This was down from $1.10 billion last year.

LPL Financial Holdings Inc. earnings at a glance:

-Earnings (Q4): $35.66 Mln. vs. $66.04 Mln. last year. -Earnings Decline (Y-o-Y): -46.0% -EPS (Q4): $0.37 vs. $0.66 last year. -EPS Decline (Y-o-Y): -43.9% -Analysts Estimate: $0.51 -Revenue (Q4): $1.02 Bln vs. $1.10 Bln last year. -Revenue Change (Y-o-Y): -7.3%