BUZZ-Virtu Financial rises after Q4 profit beats estimates

Reuters

01-29

Virtu Financial, Inc.-0.77%盤後

** Shares of market maker Virtu Financial VIRT.O climb 5.1% to $40.92 premarket

** VIRT posts Q4 adjusted profit of $1.14/shr, beating Wall Street expectations of 89 cents/shr - data compiled by LSEG

** Q4 total revenue jumps 55.7% to $834.3 mln, driven by strong growth in trading income

** Trading income more than doubled to $544 mln for the quarter from a year earlier, thanks to stronger global equities volumes

** Q4 was the best quarter since Q1 2022 for Virtu's execution services arm, which houses its trading business

** VIRT stock soared 76% in 2024

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))

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