BGC Partners Inc. Bottom Line Rises 91% In Q2

(RTTNews) - BGC Partners Inc. (BGCP) announced earnings for its second quarter that rose compared to the same period last year.

The company said its bottom line came in at $25.4 million, or $0.06 per share. This was up from $13.3 million, or $0.04 per share, in last year's second quarter.

The company said revenue for the quarter fell 2.6% to $652.0 million. This was down from $669.1 million last year.

BGC Partners Inc. earnings at a glance:

-Earnings (Q2): $25.4 Mln. vs. $13.3 Mln. last year. -Earnings Growth (Y-o-Y): 91.0% -EPS (Q2): $0.06 vs. $0.04 last year. -EPS Growth (Y-o-Y): 50.0% -Revenue (Q2): $652.0 Mln vs. $669.1 Mln last year. -Revenue Change (Y-o-Y): -2.6%

-Guidance: Next quarter revenue guidance: $655 - $695 Mln