LPL Financial Holdings Q2 Results Top Estimates - Quick Facts

(RTTNews) - LPL Financial Holdings Inc. (LPLA) posted an improved in its second-quarter net income to $45.09 million or $0.42 per share, from $39.50 million or $0.35 per share in the same quarter last year.

Adjusted earnings for the quarter climbed to $65.88 million from last year's $54.97 million, with adjusted earnings per share increasing to $0.61 from $0.49 last year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.60 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues for the quarter grew to $1.02 billion from $907.84 million in the prior year quarter. Nine analysts had consensus revenue estimate of $999.14 million for the quarter.