BGC Partners, Inc. (NASDAQ:BGCP) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
BGC Partners, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 23.08% to $0.10 in the quarter versus EPS of $0.16 in the year-earlier quarter.
Revenue: Rose 22.84% to $436.3 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: BGC Partners, Inc. reported adjusted EPS income of $0.10 per share. By that measure, the company missed the mean analyst estimate of $0.12. It beat the average revenue estimate of $430.94 million.
Quoting Management:Shaun D. Lynn, President of BGC, said: “During the fourth quarter, BGC’s overall revenuegenerating
headcount increased by almost 18 percent year-over-year to 2,5287, driven by the
addition of NGKF. We continue to focus on profitably and selectively expanding our market
share in both Financial and Real Estate Services.”
Key Stats (on next page)…