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BGC Partners: Q1 Earnings Snapshot
By AP News - May 03, 2023, 08:30 AM ET
Last Updated - Jun 21, 2023, 11:29 PM EDT
NEW YORK (AP) — NEW YORK (AP) — BGC Partners Inc. (BGCP) on Wednesday reported first-quarter earnings of $19 million.
The New York-based company said it had earnings of 5 cents per share. Earnings, adjusted for non-recurring costs, came to 23 cents per share.
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The brokerage company posted revenue of $532.9 million in the period. Its revenue net of interest expense was $532.9 million, which did not meet Street forecasts.
For the current quarter ending in June, BGC Partners said it expects revenue in the range of $450 million to $500 million.
The company's shares closed at $4.44. A year ago, they were trading at $3.63.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a BGCP">Zacks stock report on BGCP at https://www.zacks.com/ap/BGCP
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