CMC Markets' Earnings Disappoint -- Market Talk

Dow Jones
Jun 05

0749 GMT - CMC Markets' full-year earnings were disappointing, Shore Capital analyst Vivek Raja writes. The London-listed online trading platform's 84.5-million-pound pretax profit missed the 92.1 million pounds Shore Capital had expected. Costs were also disappointing, he adds. Operating costs excluding variable remuneration of 230.2 million pounds is higher than guidance of around 225 million pounds, he writes. Based on the earnings, he expects modest mid-single digit earnings and dividend per share reductions. Having performed well ahead of the results, CMC's share price should weaken on the back of the statement, he adds. Shares trade down 8.8% at 259.5 pence. (adam.whittaker@wsj.com)

 

(END) Dow Jones Newswires

June 05, 2025 03:49 ET (07:49 GMT)

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