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Investing.com -- BGC Group, Inc. (NASDAQ:BGC) reported record first quarter revenues and earnings that beat analyst estimates, but shares fell 3% in trading Wednesday.
The financial services firm posted adjusted earnings per share of $0.29 for Q1 2025, edging past the consensus estimate of $0.28. Revenue surged 14.8% YoY to a record $664.2 million, well above analyst expectations of $631.19 million.
BGC’s strong performance was driven by robust growth across its Voice/Hybrid and Fenics businesses. Fenics revenues jumped 15.6% to $172.7 million, with the Fenics Growth Platforms segment soaring 23.7%.
"We delivered record quarterly revenues of more than $664 million, a 15 percent increase versus last year’s record first quarter," said Co-CEO Sean Windeatt. He highlighted the company’s recent acquisition of OTC Global Holdings, which is expected to add over $400 million in annualized revenue.
For Q2 2025, BGC forecasts revenue between $715-765 million, above the $652.8 million consensus.
The company declared a quarterly dividend of $0.02 per share, payable on June 10, 2025.
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