BGC Partners: 2Q Earnings Snapshot
NEW YORK (AP) _ BGC Partners Inc. (BGCP) on Thursday reported second-quarter profit of $35.2 million.
The company, based in New York, said it had earnings of 10 cents per share. Earnings, adjusted for non-recurring costs, were 30 cents per share.
The brokerage company posted revenue of $960.1 million in the period. Its revenue net of interest expense was $960.1 million, which beat Street forecasts.
BGC Partners shares have fallen 26 percent since the beginning of the year. The stock has dropped 11 percent in the last 12 months.