BGC Group, Inc. Q3 Profit Increases, beats estimates

(RTTNews) - BGC Group, Inc. (BGC) revealed earnings for its third quarter that increased from the same period last year and beat the Street estimates.

The company's bottom line totaled $17.05 million, or $0.03 per share. This compares with $5.76 million, or $0.01 per share, in last year's third quarter.

Excluding items, BGC Group, Inc. reported adjusted earnings of $94.08 million or $0.19 per share for the period.

Analysts on average had expected the company to earn $0.18 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 15.9% to $482.69 million from $416.57 million last year.

BGC Group, Inc. earnings at a glance (GAAP) :

-Earnings (Q3): $17.05 Mln. vs. $5.76 Mln. last year. -EPS (Q3): $0.03 vs. $0.01 last year. -Analyst Estimate: $0.18 -Revenue (Q3): $482.69 Mln vs. $416.57 Mln last year.

-Guidance: Next quarter revenue guidance: $450 - $500 Mln