Virtu Financial Inc. (VIRT), a leading provider of financial services and products, reported strong third-quarter results on Thursday, but its shares fell 5.39% amid profit-taking after a recent rally.

The New York-based company reported non-GAAP earnings per share of $0.82, beating analysts' estimates by $0.03. Revenue for the quarter surged 12.2% year-over-year to $706.8 million, significantly outpacing expectations of $376 million. Virtu's adjusted net trading income, a key profitability metric, jumped 30.2% to $388 million, driven by robust trading volumes and favorable market conditions.

Virtu's diverse business segments, including market making and execution services, performed well during the quarter. The company's adjusted EBITDA increased 54% to $214.8 million, reflecting improved operational efficiencies and cost controls.

Despite the strong financial results, Virtu's stock price declined on Thursday, as investors opted to take profits following a recent surge in the company's shares. Analysts attributed the sell-off to profit-taking rather than any fundamental concerns about the company's performance or outlook.

In its earnings release, Virtu reiterated its commitment to returning capital to shareholders through share buybacks and dividends. The company repurchased $48.4 million worth of shares during the quarter and maintained its quarterly dividend at $0.24 per share.