»Chart of the day: LPL down nearly 10% on earnings miss
February 8, 2012 3:03 pm ET
LPL posted a profit for the fourth quarter, but missed its earnings estimates causing the stock to drop nearly 10% today.
The independent broker-dealer and custodian posted earnings of $48.8 million for the fourth quarter, which translated to roughly $0.44 a share, short of its $0.46 a share estimates.
Click here to read the full transcript of the earnings call, or here to read Bruce Kelly's story today on LPL's plans to reel in big-time brokers.
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