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GAIN Capital Holdings, Inc. (NYSE: GCAP), a provider of online trading services, has announced its financial results for the second quarter and first half of 2016 according to an official company press release.
Q2 2016 Highlights
GAIN reported net revenue of $108.3 million, down from $111.5 million when compared to Q1 2015 on a year-on-year basis and down from $115.6 million during Q1 2016 reflecting a -6.3 percent QoQ decrease. Adjusted EBITDA was $27.6 million for Q2, up from $9.0 million over the same period last year.
Net income for the quarter was $10.8 million, up from a $7.1 million loss in ... (read more)