BGC Group, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 30, 2023 at 11:30 am
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BGC Group, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was USD 482.69 million compared to USD 416.57 million a year ago. Net income was USD 17.05 million compared to USD 5.76 million a year ago. Basic earnings per share from continuing operations was USD 0.03 compared to USD 0.02 a year ago. Diluted earnings per share from continuing operations was USD 0.03 compared to USD 0.01 a year ago.
For the nine months, revenue was USD 1,508.64 million compared to USD 1,358.79 million a year ago. Net income was USD 16.32 million compared to USD 46.5 million a year ago. Basic earnings per share from continuing operations was USD 0.04 compared to USD 0.13 a year ago. Diluted earnings per share from continuing operations was USD 0.03 compared to USD 0.12 a year ago.
BGC Group, Inc. is a global brokerage and financial technology company servicing the financial markets. The Company, through its affiliates, specializes in the brokerage of a range of products, including fixed income, foreign exchange, equities, energy and commodities, shipping, and futures. It also provides a variety of services, including trade execution, brokerage, clearing, trade compression, post-trade, information, and other back-office services to a range of financial and non-financial institutions. Through its brands, including Fenics, FMX, FMX Futures Exchange, Fenics Markets Xchange, Fenics Digital, Fenics UST, Fenics FX, Fenics Repo, Fenics Direct, Fenics MID, Fenics Market Data, Fenics GO, Fenics PortfolioMatch, BGC, BGC Trader, KACE and Lucera, it offers financial technology solutions, market data, and analytics related to numerous financial instruments and markets. It serves banks, broker-dealers, investment banks, trading firms, hedge funds, governments and corporations.