BGC Group Q2 Adjusted Earnings, Revenue Rise; Shares Down

MT Newswires Live
07/30

BGC Group (BGC) shares were 0.9% lower in early Thursday trading after the company posted its Q2 financial results.

The company reported Q2 adjusted earnings Thursday of $0.35 per diluted share, up from $0.31 a year earlier.

Two analysts polled by FactSet expected $0.34.

Revenue for the quarter ended June 30 was $845.5 million, up from $784 million a year earlier.

Two analysts expected $812.8 million.

The company said it expects Q3 pre-tax adjusted earnings of $172 million to $190 million, and revenue of $775 million to $835 million. Two analysts expect $814.3 million in revenue.

The board maintained a quarterly cash dividend of $0.02 per share, payable on Sept. 2 to shareholders of record as of Aug. 19.

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