BGC Partners (BGCP) Releases Earnings Results, Reports EPS of $0.18 EPS

BGC Partners (BGCP) reported quarterly earnings results on Wednesday, Apr-27-2016. The company reported $0.18 EPS for the quarter. Analysts had a consensus estimate of $0.18. The company posted revenue of $660.10 million in the period, compared to analysts expectations of $667.00 million. The company’s revenue was up 17.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.18 EPS.

BGC Partners opened for trading at $9.34 and hit $9.43 on the upside on Friday, eventually ending the session at $9.39, with a gain of 0.75% or 0.07 points. The heightened volatility saw the trading volume jump to 8,53,582 shares. Company has a market cap of $2,561 M.

In a different news, on Jun 10, 2015, Stephen T Curwood (director) sold 4,000 shares at $9.16 per share price.

BGC Partners Inc. (BGC) is a global brokerage company servicing the financial and real estate markets. The Company operates through two segments: Financial Services which offers fixed income securities interest rate swaps foreign exchange equities equity derivatives credit derivatives commodities futures and structured products and Real Estate Services (or Newmark Grubb Knight Frank (NGKF)) which is a full-service commercial real estate platform that consists of its Real Estate Services segment. Through NGKF the Company offers commercial real estate tenants owners investors and developers a range of services including leasing and corporate advisory investment sales and financial services consulting project management and property and facilities management. The Company also provides broker-dealer services clearing processing information and other back-office services to a range of financial and non-financial institutions.

BGC Partners

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