Investment Technology: 3Q Earnings Snapshot
NEW YORK (AP) _ Investment Technology Group Inc. (ITG) on Wednesday reported third-quarter net income of $229,000, after reporting a loss in the same period a year earlier.
The New York-based company said it had earnings of 1 cent per share. Earnings, adjusted for non-recurring costs, were 16 cents per share.
The financial technology firm posted revenue of $120.8 million in the period. Its revenue net of interest expense was $120.8 million, surpassing Street forecasts.
Investment Technology shares have climbed 44 percent since the beginning of the year. The stock has risen 46 percent in the last 12 months.