BGC Partners reports 2Q earnings
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.
This story has been corrected to show that shares of the company have declined 16% in the past 12 months, not 47%.
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