UPDATE: FXCM Tops Q4 Views, Shares Rise Lisa Le
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Posted On: 03/12/2015 10:27:07 PM
UPDATE: FXCM Tops Q4 Views, Shares Rise
Lisa Levin , Benzinga Staff Writer
March 12, 2015 5:10pm Comments
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Shares of FXCM Inc. FXCM 1.42% climbed more than 6 percent in after-hours trading after the company reported better-than-expected results for the fourth quarter.
The New York-based company posted quarterly net earnings of $15.8 million, or $0.35 per share, compared to $3 million, or $0.08 per share, in the year-ago period. Excluding non-recurring items, the company's adjusted earnings came in at $0.20 per share.
Its total revenue surged to $134.7 million, compared to $113.3 million. However, analysts were expecting earnings of $0.17 per share on revenue of $129.9 million.
FXCM's retail trading revenue rose 13 percent to $93.8 million.
Adjusted EBITDA climbed 53 percent to $40.8 million in the quarter.
Retail customer trading volume dipped 12 percent y/y to $267 billion in February. Institutional customer trading volume came in unchanged from the year-ago month to $162 billion in February 2015.
FXCM shares surged 6.05 percent to $2.28 in the after-hours trading session.
Read more: http://www.benzinga.com/news/earnings/15/03/5...z3UEF1ejPj
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I'm in it to win it!
NASDAQ DIP and RIP
Here is the best word that describes what i do here.
Intuitive;
means having the ability to understand or know something without any direct evidence or reasoning process.
I was born with it, I'm truly blessed!
Alway's searching for winners'
NASDAQ DIP and RIP
Here is the best word that describes what i do here.
Intuitive;
means having the ability to understand or know something without any direct evidence or reasoning process.
I was born with it, I'm truly blessed!
Alway's searching for winners'