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BGC Partners: 2Q Earnings Snapshot

August 2, 2018

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.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BGCP at https://www.zacks.com/ap/BGCP

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