NEW YORK (AP) — NEW YORK (AP) — BGC Group, Inc. (BGC) on Tuesday reported second-quarter net income of $37.8 million, after reporting a loss in the same period a year earlier.
The New York-based company said it had earnings of 8 cents per share. Earnings, adjusted for non-recurring costs and pretax expenses, came to 23 cents per share.
The brokerage company posted revenue of $550.8 million in the period. Its revenue net of interest expense was $550.8 million, which topped Street forecasts.
BGC Group shares have climbed 29% since the beginning of the year. The stock has increased 95% in the last 12 months.
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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 BGC at https://www.zacks.com/ap/BGC
