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BGC Partners Now Sees Q4 Earnings, Revenues At Low End Of Prior Guidance

BGC Partners Inc. (BGCP: Quote) Monday said it now expects fourth-quarter distributable earnings and revenues at the low end of the guidance issued on October 27, 2011, which saw post-tax distributable earnings in the range of $41 million to $46 million, while pre-tax distributable earnings are anticipated between $48 million and $54 million. The company also noted that fully-diluted share count was 288.6 million, as of September 30, 2011.

Distributable earnings revenues, as per the prior guidance, were expected between $350 million and $380 million, with a contribution of $35 million to $45 million from recently acquired Newmark Knight Frank. Consensus of analysts' estimates currently sees fourth-quarter earnings of $0.16 per share on revenues of $370.45 million.

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by RTT Staff Writer

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This apparel maker has doubled its earnings per share in just two years and increased its annual earnings forecast from time to time, despite a challenging consumer spending environment. Contributions from acquisitions, efficiency gains from self-owned global supply chain and benefits from 'Innovate-to-Elevate' strategy continue to boost the company's results. Here is a quick summary of the earnings reported after the bell on Nov 20. We have 20+ stocks listed here. The good news is you can skip this step. There is a next move that can make your life a lot easier. Our research team has already done the groundwork for you. All these stocks listed... Design software maker Autodesk, Inc. said Thursday after the markets closed that its third quarter profit fell 81% from last year, as higher costs and expenses more than offset an 11% increase in revenue. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations as did its quarterly revenue.
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