LPL Investment Holdings Inc. Earnings: A Swing to Quarterly Profit

LPL Investment Holdings Inc. (NASDAQ:LPLA) reported its results for the fourth quarter. LPL Investment provides brokerage and investment advisory services through business relationships with financial advisors, registered investment advisors, and financial institutions.

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LPL Investment Holdings Earnings Cheat Sheet for the Fourth Quarter

Results: Reported a profit of $39.4 million (35 cents per diluted share) in the quarter. LPL Investment Holdings Inc. had a net loss of $116.6 million or a loss $1.20 per share in the year earlier quarter.

Revenue: Revenue was $828.7 million last quarter.

Actual vs. Wall St. Expectations: LPL Investment Holdings Inc. reported adjusted net income of 44 cents per share. By that measure, the company fell short of mean estimate of 46 cents per share. It fell short of the average revenue estimate of $875.2 million.

Quoting Management: “Against the backdrop of a volatile year for financial markets and the global economy, we are very pleased with our record levels of revenue and Adjusted Earnings in 2011,” said Mark Casady, LPL Financial chairman and CEO.

Key Stats:

The company fell short of estimates last quarter after being in line with expectations the quarter before with net income of 44 cents.

Looking Forward: Analysts appear increasingly optimistic about the company’s results for the next quarter. The average estimate for the first quarter of the next fiscal year has moved up from 52 cents a share to 53 cents over the last sixty days. For the fiscal year, the average estimate has moved down from $1.97 a share to $1.96 over the last thirty days.

(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com