Virtu Financial Inc (VIRT) Releases Earnings Results, Beats Expectations By $0.01 EPS

Virtu Financial Inc (VIRT) announced its most recent quarterly financial results on Friday, Nov-4-2016. VIRT said it had a profit of $0.20 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.19. The company posted revenue of $164.80 million in the period, compared to analysts expectations of $93.12 million. VIRT’s revenue was down -23.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 EPS.

Virtu Financial Inc (VIRT) witnessed a volatile trading activity on Wednesday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $12.5 and reached the intraday high at $12.75. The bulls started the profit booking and pushed the shares to intraday low of $12.4. The trading session was marked by a volume range of 2,77,947 shares exchanging hands. The 52-week high of the shares is $25.37 and the 52-week low is $12.4. The market cap of the company stands at $1,748 M and there are 13,87,69,200 shares in public circulation.

In a different news, on Aug 5, 2016, Douglas A Cifu (CEO) purchased 60,000 shares at $16.51 per share price. According to the SEC, on May 23, 2016, Venu Palaparthi (SVP, Comp Reg & Gov Affairs) purchased 2,000 shares at $17.36 per share price. On Nov 18, 2015, Joseph Osnoss (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.

Virtu Financial Inc

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