BGC Partners Inc. Q2 adjusted earnings Beat Estimates

(RTTNews) - BGC Partners Inc. (BGCP) reported a profit for second quarter that dropped from the same period last year.

The company's bottom line came in at $35.20 million, or $0.10 per share. This compares with $52.92 million, or $0.18 per share, in last year's second quarter.

Excluding items, BGC Partners Inc. reported adjusted earnings of $175.84 million or $0.30 per share for the period.

Analysts had expected the company to earn $0.28 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 13.1% to $960.08 million from $848.90 million last year.

BGC Partners Inc. earnings at a glance:

-Earnings (Q2): $175.84 Mln. vs. $134.92 Mln. last year. -EPS (Q2): $0.30 vs. $0.26 last year. -Analysts Estimate: $0.28 -Revenue (Q2): $960.08 Mln vs. $848.90 Mln last year.