BGC Group Second Quarter 2023 Earnings: US$0.05 loss per share (vs US$0.039 profit in 2Q 2022)
BGC Group (NASDAQ:BGC) Second Quarter 2023 Results
Key Financial Results
Revenue: US$473.2m (up 12% from 2Q 2022).
Net loss: US$19.7m (down by 234% from US$14.8m profit in 2Q 2022).
US$0.05 loss per share (down from US$0.039 profit in 2Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
BGC Group Earnings Insights
Looking ahead, revenue is forecast to grow 7.8% p.a. on average during the next 2 years, compared to a 9.2% growth forecast for the Capital Markets industry in the US.
Performance of the American Capital Markets industry.
The company's shares are up 8.6% from a week ago.
Risk Analysis
It is worth noting though that we have found 4 warning signs for BGC Group (1 is significant!) that you need to take into consideration.
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