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NEW YORK (AP) — NEW YORK (AP) — Virtu Financial Inc. (VIRT) on Thursday reported fourth-quarter net income of $5.5 million.
The New York-based company said it had net income of 5 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, were 27 cents per share.
The results missed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 42 cents per share.
The high-speed trading company posted revenue of $536 million in the period. Its adjusted revenue was $260.9 million, which also fell short of Street forecasts. Five analysts surveyed by Zacks expected $273 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VIRT at https://www.zacks.com/ap/VIRT