NEW YORK (AP) — NEW YORK (AP) — Virtu Financial Inc. (VIRT) on Wednesday reported first-quarter net income of $99.7 million.
On a per-share basis, the New York-based company said it had net income of $1.08. Earnings, adjusted for one-time gains and costs, came to $1.30 per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.19 per share.
The high-speed trading company posted revenue of $837.9 million in the period. Its adjusted revenue was $497.1 million, also topping Street forecasts. Five analysts surveyed by Zacks expected $474.7 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VIRT at https://www.zacks.com/ap/VIRT
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