Virtu Financial Inc. (VIRT) revealed a profit for its fourth quarter that increased from the same period last year and beat the Street estimates.
The company's bottom line came in at $94.1 million, or $1.03 per share. This compares with $5.5 million, or $0.05 per share, last year.
Excluding items, Virtu Financial Inc. reported adjusted earnings of $182.2 million or $1.14 per share for the period.
Analysts on average had expected the company to earn $0.89 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 55.7% to $834.3 million from $536.0 million last year.
Virtu Financial Inc. earnings at a glance (GAAP) :
-Earnings: $94.1 Mln. vs. $5.5 Mln. last year.
-EPS: $1.03 vs. $0.05 last year.
-Revenue: $834.3 Mln vs. $536.0 Mln last year.
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