BGC Partners Reports Solid Second Quarter 2016 Financial Results
Posted: Wed Jul 27, 2016 2:38 pm
BGC Partners, Inc. (NASDAQ: BGCP), a global brokerage company servicing the financial and real estate markets, today reported financial results for the quarter ended June 30, 2016.
Financial Metrics
The company reported that its post-tax distributable earnings to fully diluted shareholders grew by 13.2 percent to $80.1 million compared with Q2 2016 figures of $70.7 million and by 4 percent over Q1 2016 figures of $77 million.
Quarterly revenues under both U.S. GAAP and distributable earnings were $652.0 million versus $669.1 million last year, representing a decrease of -2.6 percent and $660 million in Q1 2016, or a marginal decrease of -1.2 percent. ... (read more)