INTL FCStone Q2 Operating Revenues Drop as Net Income Rises
Posted: Wed May 04, 2016 7:21 am
New York-headquartered INTL FCStone Inc., listed on the Nasdaq under ticker INTL, and operating a diverse set of financial services businesses catering to clients globally, has reported its fiscal 2016 second quarter (Q2) results for the three months that ended March 31, 2016, according to a company press release.
INTL FCStone’s total operating revenues were $3.7 billion yet 74% lower from over $14.4b compared to Q2 2015 year-over-year, while the company’s cost of sales of physical commodities also decreased from $14.28b to $3.54b over the same period. Consequently, and after adjusting for costs related to clearing, interest, and IB expenses, ... (read more)