LPL Financial's (LPLA) Q1 Earnings Beat on Higher Revenues

LPL Financial’s (LPLA) first-quarter 2024 adjusted earnings of $4.21 per share handily outpaced the Zacks Consensus Estimate of$3.77. The bottom line, however, reflects a decline of 6% year over year.Results benefited from robust improvement in revenues, partly offset by an increase in expenses. LPLA recorded growth in brokerage and advisory assets, which acted as a tailwind.After considering certain non-recurring items, net income was $268.8 million or$3.83 per share, down from $338.9 million or$4.24 pe ...