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BGC Partners reports 2Q earnings

July 25, 2019

NEW YORK (AP) — BGC Partners Inc. (BGCP) on Thursday reported second-quarter earnings of $13.6 million.

The company, based in New York, said it had earnings of 3 cents per share. Earnings, adjusted for non-recurring costs, were 17 cents per share.

The brokerage company posted revenue of $551.2 million in the period. Its revenue net of interest expense was $551.2 million, surpassing Street forecasts.

BGC Partners shares have increased 12% since the beginning of the year. The stock has decreased 16% in the last 12 months.

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This story has been corrected to show that shares of the company have declined 16% in the past 12 months, not 47%.

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Elements of this story were 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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