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LPL Financial Q4 Net Income Falls, Revenue Rises

· 02/05/2021 06:11

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