Broadridge Financial raises 2008 adjusted profit outlook

LAKE SUCCESS, N.Y.—Technology outsourcing company Broadridge Financial Solutions Inc. said Thursday it is raising its 2008 profit outlook on strong sales.

Excluding one-time costs and gains, it now expects adjusted profit of $1.35 per share to $1.45 per share compared with $1.53 per share last year.

Including one time costs and expenses, it anticipates per-share earnings of $1.29 to $1.39 for the fiscal year, which ends in June, compared with $1.42 per share last year.

The company also expects sales to grow approximately 2 percent to 4 percent to about $2.18 billion to $2.22 billion compared with last year's sales of $2.14 billion.

Chief Executive Richard J. Daly said that the company now had better insight into likely performance in the fourth quarter, which he said was the the company's biggest quarter for profit and sales.

Shares of the Lake Success, N.Y.-based company rose 77 cents or 4.2 percent to $19.34 in midday trading. They have traded in the last year between $15.25 and $24.21.