U.S. brokerage Knight Capital Group, Inc. (KCG) Wednesday reported first-quarter net loss of $9.36 million or $0.03 per share, compared to a net income of $33.11 million or $0.36 per share in the previous year.
During the quarter, the company posted a loss from discontinued operations, net of tax, totaling $20.37 million or $0.06 per share.
On a non-GAAP basis, earnings from continuing operations were $0.06 per share in the recent quarter, while the company posted $0.34 per share a year ago.
On average, seven analysts polled by Thomson Reuters expected the company to earn $0.04 per share for the quarter. Analysts' estimates typically exclude special items.
Quarterly revenues declined to $285.16 million from $302.47 million in the preceding year. Analysts estimated revenues of $312.38 million for the quarter.
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