NEW YORK (AP) — NEW YORK (AP) — BGC Group, Inc. (BGC) on Thursday reported third-quarter net income of $27.9 million.
The company, based in New York, said it had earnings of 6 cents per share. Earnings, adjusted for non-recurring costs, came to 29 cents per share.
The brokerage company posted revenue of $736.8 million in the period. Its revenue net of interest expense was $736.8 million, exceeding Street forecasts.
For the current quarter ending in December, BGC Group said it expects revenue in the range of $720 million to $770 million.
BGC Group shares have climbed nearly 1% since the beginning of the year. The stock has dropped 14% in the last 12 months.
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