BGC Partners: Q1 Earnings Snapshot : vimarsana.com

BGC Partners: Q1 Earnings Snapshot


BGC Partners: Q1 Earnings Snapshot
April 29, 2021
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NEW YORK (AP) _ BGC Partners Inc. (BGCP) on Thursday reported first-quarter profit of $43.1 million.
The New York-based company said it had earnings of 11 cents per share. Earnings, adjusted for non-recurring costs, came to 18 cents per share.
The brokerage company posted revenue of $567.6 million in the period. Its revenue net of interest expense was $567.6 million, falling short of Street forecasts.
For the current quarter ending in July, BGC Partners said it expects revenue in the range of $485 million to $535 million.
BGC Partners shares have increased 42% since the beginning of the year. The stock has increased 89% in the last 12 months.

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