BGC Partners Inc. Reports 30% Increase In Q3 Earnings

(RTTNews) - BGC Partners Inc. (BGCP) revealed earnings for its third quarter that climbed compared to the same period last year.

The company said its bottom line totaled $72.9 million, or $0.19 per share. This was up from $56.0 million, or $0.17 per share, in last year's third quarter.

Analysts had expected the company to earn $0.19 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 55.8% to $700.9 million. This was up from $449.8 million last year.

BGC Partners Inc. earnings at a glance:

-Earnings (Q3): $72.9 Mln. vs. $56.0 Mln. last year. -Earnings Growth (Y-o-Y): 30.2% -EPS (Q3): $0.19 vs. $0.17 last year. -EPS Growth (Y-o-Y): 11.8% -Analysts Estimate: $0.19 -Revenue (Q3): $700.9 Mln vs. $449.8 Mln last year. -Revenue Change (Y-o-Y): 55.8%

-Guidance: Next quarter revenue guidance: $685 - $725