Chart of the day: LPL down nearly 10% on earnings miss

LPL posted a profit for the fourth quarter, but missed its earnings estimates causing the stock to drop nearly 10% today.
FEB 08, 2012
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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