Gain Capital Holdings Inc (GCAP) Releases Earnings Results, Beats Expectations By $0.03 EPS

Gain Capital Holdings Inc (GCAP) reported quarterly earnings results on Thursday, Aug-4-2016. The company said it had a profit of $0.27 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.24. The company posted revenue of $108.30 million in the period, compared to analysts expectations of $104.10 million. The company’s revenue was down -2.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.01 EPS.

Gain Capital Holdings Inc closed down -0.25 points or -3.66% at $6.58 with 85,727 shares getting traded on Tusday. Post opening the session at $6.85, the shares hit an intraday low of $6.55 and an intraday high of $6.88 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

In a different news, on Jun 2, 2016, Jeffrey Scott (Chief Operating Officer) sold 1,657 shares at $6.89 per share price. According to the SEC, on Jun 2, 2016, Diego Rotsztain (General Counsel and Secretary) sold 2,142 shares at $6.89 per share price. On Jun 2, 2016, Samantha Roady (President – Retail) sold 2,624 shares at $6.89 per share price, according to the Form-4 filing with the securities and exchange commission.

GAIN Capital Holdings Inc. (GAIN Capital) is a global provider of trading services and solutions specializing in over-the-counter (OTC) and exchange-traded markets. The Company operates in two businesses: Retail Business which provides access to a range of global financial markets and Institutional Business which provides agency execution services and offers access to markets and self-directed trading in foreign exchange commodities equities options and futures through an electronic communications network (ECN) through its GTX platform. It serves retail and institutional customers in over 180 countries around the world and conducts business from its offices in New York New York; Bedminster New Jersey; Jersey City New Jersey; Chicago Illinois; Powell Ohio; Grand Rapids Michigan; London the United Kingdom; Cornwall the United Kingdom; Tokyo Japan; Sydney Australia; Beijing China; Hong Kong and Singapore. It also provides City Index a CFD and spread bet brand.

Gain Capital Holdings Inc

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