Knight Capital Group (NITE) reported third quarter net income from continuing operations of $0.32 per share Wednesday morning, down from the $0.46 per share reported last year. The consensus estimate was for $0.39 per share.
Knight Capital Group gapped down sharply Wednesday and has spiked lower in early trade. Shares are now down 3.17 at $18.62 on above average volume. The stock has dropped to a 2-month low and has fallen below its 50-day moving average.
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