KCG Holdings Earns $33.4m from Sale of BATS Global Markets Share
Posted: Wed Jul 20, 2016 12:52 pm
KCG Holdings has announced its quarterly figures for Q2 2016 with the company reporting consolidated earnings totaling $33.6 million, which is $0.38 per diluted share. Income before taxes totaled $54.6 million, which included a gain of $33.4 million from the sale of the BATS Global Markets stake which the company held.
Total revenues amounted to $319.9 million, which is lower by 7.3 per cent when compared to the first quarter of 2016, but higher by about 22 per cent when compared to a year ago. Pretax income totaled $54.5 million, which is a complete reversal from a year ago when the ... (read more)