NEW YORK (AP) — NEW YORK (AP) — BGC Group, Inc. (BGC) on Thursday reported third-quarter earnings of $14.2 million.
The New York-based company said it had earnings of 3 cents per share. Earnings, adjusted for non-recurring costs, came to 26 cents per share.
The brokerage company posted revenue of $561.1 million in the period. Its revenue net of interest expense was $561.1 million, topping Street forecasts.
For the current quarter ending in December, BGC Group said it expects revenue in the range of $545 million to $595 million.
BGC Group shares have risen 32% since the beginning of the year. The stock has increased 70% in the last 12 months.
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