FXCM Inc (NYSE:FXCM) delivered a profit and met Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
FXCM Inc Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 35.29% to $0.23 in the quarter versus EPS of $0.17 in the year-earlier quarter.
Revenue: Rose 20.81% to $122.9 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: FXCM Inc reported adjusted EPS income of $0.23 per share. By that measure, the company met the mean analyst estimate of $0.23. It missed the average revenue estimate of $127.6 million.
Quoting Management: “FXCM turned in one of its best quarters with record revenues and our second highest EBITDA ever,” said Drew Niv, Chief Executive Officer. “Having grown our client base so significantly over the past few years, we were well positioned to benefit from the improvement in currency trading conditions that occurred in the first quarter of this year.”
Key Stats (on next page)…