Virtu Financial Inc (VIRT) reported quarterly earnings results on Wednesday, Aug-3-2016. The company reported $0.24 EPS for the quarter. Analysts had a consensus estimate of $0.24. The company posted revenue of $102.30 million in the period, compared to analysts expectations of $105.78 million. The company’s revenue was down -3.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.27 EPS.
Virtu Financial Inc closed down -0.41 points or -2.39% at $16.74 with 4,81,953 shares getting traded on Tusday. Post opening the session at $17.09, the shares hit an intraday low of $16.7 and an intraday high of $17.18 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.
In a different news, on May 23, 2016, Venu Palaparthi (SVP, Comp Reg & Gov Affairs) purchased 2,000 shares at $17.36 per share price. According to the SEC, on Nov 18, 2015, Joseph Osnoss (director) sold 6,075,837 shares at $21.65 per share price. On Nov 18, 2015, Michael J Bingle (director) sold 6,075,837 shares at $21.65 per share price, according to the Form-4 filing with the securities and exchange commission.
Virtu Financial Inc. is a financial holding company. The Company is a technology-enabled market maker and liquidity provider to the financial markets. The Company is engaged in buying and selling securities and other financial instruments. The Company provides liquidity and competitive pricing in foreign currency markets directly to market participants on its own trading platform called VFX and through other customized liquidity arrangements. The Company has developed a multi-asset multi-currency technology platform that integrates with exchanges and other trading venues through customized infrastructure to provide continuous bid and offer quotations on assets traded electronically around the world. Its platform generates and disseminates continuous bid and offer quotes on over 11000 tradable listed products.