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BGC Partners Q4 Profit Decreases - Quick Facts

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BGC Partners, Inc. (BGCP: Quote) posted fourth-quarter net income for fully diluted shares of $7.6 million or $0.03 per share versus $31.5 million or $0.12 per share last year.

Total revenues for the three-month period improved year-over-year to $355.17 million from $321.76 million.

Analysts polled by Thomson Reuters expected the company to record revenues of $352.08 million for the quarter. Analysts' estimates typically exclude special items.

Further, the company's board of directors declared a quarterly cash dividend of $0.17 per share payable on March 28, 2012 to Class A and Class B common stockholders of record as of March 14, 2012. The ex-dividend date will be March 12, 2012.

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by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

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After coming under pressure in early trading, stocks have seen some further downside over the course of the trading day on Friday. With the losses on the day, the S&P 500 is pulling back well off the record closing high that it set in the previous session. After reporting an unexpected drop in new orders for U.S. manufactured durable goods in the previous month, the Commerce Department released a report on Friday showing that durable goods orders rebounded by more than expected in the month of June. British economic growth remained high as expected in the second quarter as a robust expansion in the dominant service sector, and industry completely offset the slight weakness in the construction sector. With the second quarter expansion, GDP returned to its pre-crisis level. Gross domestic product grew 0.8 percent sequentially in the second quarter, the same rate as seen in the first quarter.
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