BGC Partners Slips To Loss In Q4 - Quick Facts

(RTTNews) - Brokerage company BGC Partners, Inc. (BGCP) reported fourth-quarter net loss of $18.7 million or $0.08 per share, compared to net income of $5.9 million or $0.02 per share in the year ago quarter.

Adjusted earnings per share were $0.18, compared with $0.13 last year. On average, 3 analysts polled by Thomson-Reuters estimated the company' earnings to be $0.18 for the quarter. Analysts' estimates typically exclude one-time items.

Revenues for the latest fourth quarter increased to $489.28 million from $421.29 million in the same period last year. Analysts expected revenues of $509.16 million.

On February 10, 2015, the Board declared a quarterly cash dividend of $0.12 per share payable on March 16, 2015 to Class A and Class B common stockholders of record as of March 2, 2015. The ex-dividend date will be February 26, 2015.