LPL Financial Q4 Net Income Falls, Revenue Rises
10:54 AM EST, 02/05/2021 (MT Newswires) -- LPL Financial (LPLA) said late Thursday it had Q4 net income of $1.38 per share, down from a gain of $1.53 a year ago.
Analysts surveyed by Capital IQ called for EPS of $1.34.
The wealth management company reported revenue of $1.58 billion, compared with $1.45 billion a year ago. The Capital IQ consensus estimate was for revenue of $1.52 billion.
For 2021, LPL expects core general and administrative expenses to range from $975 million to $1 billion, prior to expenses from Waddell & Reed (WDR).
Shares were up 4.2% in recent morning trading Friday.
Price: 122.79, Change: +4.81, Percent Change: +4.08