BGC Partners Inc. Announces 41% Advance In Q2 Bottom Line

(RTTNews) - BGC Partners Inc. (BGCP) reported a profit for its second quarter that gained ground compared to the same period last year.

The company said its bottom line totaled $33.1 million, or $0.07 per share. This was up from $23.5 million, or $0.05 per share, in last year's second quarter.

The company said revenue for the quarter rose 12.8% to $737.8 million. This was up from $653.8 million last year.

BGC Partners Inc. earnings at a glance:

-Earnings (Q2): $33.1 Mln. vs. $23.5 Mln. last year. -Earnings Growth (Y-o-Y): 40.9% -EPS (Q2): $0.07 vs. $0.05 last year. -EPS Growth (Y-o-Y): 40.0% -Revenue (Q2): $737.8 Mln vs. $653.8 Mln last year. -Revenue Change (Y-o-Y): 12.8%

-Guidance: Next quarter revenue guidance: $695 - $740 Mln