BGC Group, Inc. (BGC) announced earnings for its second quarter that Increases, from last year in line with the Street estimates.
The company's earnings totaled $55.1 million, or $0.11 per share. This compares with $36.1 million, or $0.08 per share, last year.
Excluding items, BGC Group, Inc. reported adjusted earnings of $153.74 million or $0.31 per share for the period.
Analysts on average had expected the company to earn $0.31 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 42.3% to $784.0 million from $550.8 million last year.
BGC Group, Inc. earnings at a glance (GAAP) :
-Earnings: $55.1 Mln. vs. $36.1 Mln. last year.-EPS: $0.11 vs. $0.08 last year.-Revenue: $784.0 Mln vs. $550.8 Mln last year.
-Guidance:Next quarter revenue guidance: $715 - $765 Mln
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