NEW YORK (AP) — NEW YORK (AP) — Virtu Financial Inc. (VIRT) on Thursday reported fourth-quarter earnings of $139.9 million.
On a per-share basis, the New York-based company said it had profit of $1.54. Earnings, adjusted for non-recurring costs and stock option expense, came to $1.85 per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.28 per share.
The high-speed trading company posted revenue of $969.9 million in the period. Its adjusted revenue was $613.4 million, also beating Street forecasts. Four analysts surveyed by Zacks expected $519.2 million.
For the year, the company reported profit of $468.4 million, or $5.13 per share. Revenue was reported as $2.15 billion.
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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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