NEW YORK (AP) — NEW YORK (AP) — BGC Group, Inc. (BGC) on Wednesday reported fourth-quarter net income of $19.9 million.
The company, based in New York, said it had earnings of 4 cents per share. Earnings, adjusted for non-recurring costs, were 21 cents per share.
The brokerage company posted revenue of $516.8 million in the period. Its revenue net of interest expense was $516.8 million, beating Street forecasts.
For the year, the company reported profit of $36.3 million, or 7 cents per share. Revenue was reported as $2.03 billion.
BGC Group shares have risen 1% since the beginning of the year. The stock has increased 70% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BGC at https://www.zacks.com/ap/BGC