CMC Markets Backs Guidance

Dow Jones

01-23

By Elena Vardon

CMC Markets said Thursday that it is on track to meet targets for fiscal 2025.

The online trading platform's net operating income for the year is on track to meet market forecasts, it said in a trading update covering the third quarter. The group also confirmed its cost guidance of around 225 million pounds ($277.1 million).

Consensus expectations for the period--which were compiled this month and are based on seven analyst estimates--have net operating income at 333.4 million pounds and pretax profit at 86.1 million pounds, according to figures available on the group's website.

The London-listed company will report full-year results on June 5.

Write to Elena Vardon at elena.vardon@wsj.com

(END) Dow Jones Newswires

January 23, 2025 02:36 ET (07:36 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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