NEW YORK (AP) — NEW YORK (AP) — BGC Group, Inc. (BGC) on Thursday reported first-quarter net income of $84.1 million.
The New York-based company said it had earnings of 17 cents per share. Earnings, adjusted for non-recurring costs, were 41 cents per share.
The brokerage company posted revenue of $955.5 million in the period. Its revenue net of interest expense was $955.5 million, topping Street forecasts.
For the current quarter ending in June, BGC Group said it expects revenue in the range of $785 million to $845 million.
BGC Group shares have risen 22% since the beginning of the year. The stock has increased 15% in the last 12 months.
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