BGC Partners: 2Q Earnings Snapshot

NEW YORK (AP) _ BGC Partners Inc. (BGCP) on Thursday reported second-quarter profit of $35.2 million.

The company, based in New York, said it had earnings of 10 cents per share. Earnings, adjusted for non-recurring costs, were 30 cents per share.

The brokerage company posted revenue of $960.1 million in the period. Its revenue net of interest expense was $960.1 million, which beat Street forecasts.

BGC Partners shares have fallen 26 percent since the beginning of the year. The stock has dropped 11 percent in the last 12 months.

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This story was generated by Automated Insights using data from Zacks Investment Research. Access a Zacks stock report on BGCP at https://www.zacks.com/ap/BGCP