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NEW YORK (AP) — NEW YORK (AP) — BGC Partners Inc. (BGCP) on Monday reported fourth-quarter profit of $2.2 million.
The New York-based company said it had earnings of 1 cent per share. Earnings, adjusted for non-recurring costs, were 16 cents per share.
The brokerage company posted revenue of $436.5 million in the period. Its revenue net of interest expense was $436.5 million, topping Street forecasts.
For the year, the company reported profit of $48.7 million, or 13 cents per share. Revenue was reported as $1.8 billion.
For the current quarter ending in March, BGC Partners said it expects revenue in the range of $515 million to $565 million.
The company's shares closed at $4.19. A year ago, they were trading at $4.65.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a BGCP">Zacks stock report on BGCP at https://www.zacks.com/ap/BGCP