NEW YORK (AP) — NEW YORK (AP) — Virtu Financial Inc. (VIRT) on Wednesday reported fourth-quarter profit of $94.1 million.
The New York-based company said it had profit of $1.03 per share. Earnings, adjusted for one-time gains and costs, were $1.14 per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 86 cents per share.
The high-speed trading company posted revenue of $834.3 million in the period. Its adjusted revenue was $457.7 million, which also beat Street forecasts. Four analysts surveyed by Zacks expected $399.1 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VIRT at https://www.zacks.com/ap/VIRT
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