KCG Holdings Q1 Profit Surges - Quick Facts

(RTTNews) - KCG Holdings, Inc. (KCG) reported that its first-quarter net income surged to $249.3 million or $2.19 per share from $35.7 million or $0.30 per share, in the comparable quarter last year.

The latest quarter's results include a pre-tax gain of $373.8 million from the sale of KCG Hotspot net of professional fees and compensation costs related to the sale.

Adjusted income from continuing operations before taxes was $32.43 million, compared to adjusted income from continuing operations before taxes of $57.56 million in the year-ago quarter.

Revenues for the quarter rose to $696.16 million from $383.66 million in the year-ago period.