NEW YORK (AP) — NEW YORK (AP) — BGC Group, Inc. (BGC) on Thursday reported second-quarter net income of $72.5 million.
The New York-based company said it had earnings of 15 cents per share. Earnings, adjusted for non-recurring costs, were 35 cents per share.
The brokerage company posted revenue of $845.5 million in the period. Its revenue net of interest expense was $845.5 million, exceeding Street forecasts.
For the current quarter ending in September, BGC Group said it expects revenue in the range of $775 million to $835 million.
BGC Group shares have climbed 32% since the beginning of the year. The stock has climbed 22% in the last 12 months.
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