FXCM Q4 Profit Rises, Tops View; Stock Up

(RTTNews) - FXCM Inc. (FXCM), a leading online provider of foreign exchange, or FX, trading and related services, reported that its net income attributable to the company for the fourth-quarter ended December 31, 2014 rose to $15.8 million or $0.35 per share, from $3.0 million or $0.08 per share for the fourth quarter 2013.

Net income on an adjusted basis was $16.1 million or $0.20 per fully diluted, fully exchanged share for the fourth quarter 2014, compared to Net income on an adjusted basis of $7.3 million or $0.10 per fully diluted, fully exchanged share for the fourth quarter 2013.

Revenues of $134.7 million, compared to $113.3 million for the quarter ended December 31, 2013, an increase of 19%.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.17 per share and revenues of $129.92 million for the quarter. Analysts' estimates typically exclude special items.

On January 15th, 2015, FXCM customers generated negative equity balances owed to the company of approximately $276 million due to the unprecedented volatility in the Swiss Franc.

On January 16th, 2015, the company entered into a $300 million financing transaction with Leucadia National Corporation.

FXCM has since repaid $12 million of the facility and is in the process of disposing of non-core assets to further repay a portion of the debt.

FXCM closed Thursday trading at $2.15, up $0.03 or 1.42%. In after hours, the stock further increased $0.18 or 8.37%.