LPL Financial Tops Street 2Q Forecasts

BOSTON (AP) _ LPL Financial Holdings Inc. (LPLA) on Thursday reported second-quarter earnings of $68.4 million.

The company, based in Boston, said it had earnings of 74 cents per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 66 cents per share.

The financial holding company posted revenue of $1.07 billion in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $1.05 billion.

LPL Financial shares have climbed 28 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $45.13, a rise of 81 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LPLA at https://www.zacks.com/ap/LPLA

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