BGC Group, Inc. (BGC) revealed earnings for its first quarter that increased from last year in line with the Street estimates.
The company's earnings totaled $49.21 million, or $0.10 per share. This compares with $18.98 million, or $0.05 per share, in last year's first quarter.
Excluding items, BGC Group, Inc. reported adjusted earnings of $123.20 million or $0.25 per share for the period.
Analysts on average had expected the company to earn $0.25 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 8.6% to $578.61 million from $532.87 million last year.
BGC Group, Inc. earnings at a glance (GAAP) :
-Earnings (Q1): $49.21 Mln. vs. $18.98 Mln. last year.
-EPS (Q1): $0.10 vs. $0.05 last year.
-Revenue (Q1): $578.61 Mln vs. $532.87 Mln last year.
-Guidance:
Next quarter revenue guidance: $520 - $570 Mln
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