KCG Holdings Turns To Profit In Q4 - Quick Facts

(RTTNews) - KCG Holdings, Inc. (KCG) reported fourth-quarter net income of $26.13 million or $0.23 per share, compared to net loss of $16.62 million or $0.15 per share in the year-ago period.

The latest quarter's results include a net tax benefit of about $7 million related to the recognition of state deferred tax assets which primarily relate to state tax net operating losses, and a $1.2 million tax benefit related to federal tax credits.

Excluding these items, adjusted income from continuing operations before taxes was $30.53 million, compared to adjusted income from continuing operations before taxes of $19.85 million in the year-ago quarter.

Revenues for the quarter rose to $346.14 million from $323.37 million in the year-ago period.