GFI Group Q4 Loss Widens; Declares Dividend

(RTTNews) - GFI Group Inc. (GFIG) posted fourth-quarter net loss of $30.9 million or $0.25 per share, wider than $11.4 million or $0.10 per share in the prior year quarter.

Non-GAAP net loss for the quarter widened to $6.6 million or $0.05 per share from $2.9 million or $0.02 per share in the year-ago period. On average, five analysts polled by Thomson Reuters expected the company to report a loss of $0.01 per share. Analysts' estimates typically exclude special items.

Total revenues for the latest fourth quarter declined to $202.35 million from $207.29 million in the comparable quarter last year, while total non-GAAP revenues for the latest fourth quarter declined to $202.94 million from $208.76 million last year. Analysts expected revenues of $200.38 million.

Further, the Board of Directors of GFI has declared a quarterly cash dividend of $0.05 per share payable on March 28, 2014 to shareholders of record as of March 14, 2014.