BGC Partners: 1Q Earnings Snapshot

NEW YORK (AP) _ BGC Partners Inc. (BGCP) on Tuesday reported first-quarter earnings of $61.9 million.

The New York-based company said it had earnings of 18 cents per share.

The brokerage company posted revenue of $544.8 million in the period. Its revenue net of interest expense was $544.8 million, surpassing Street forecasts.

BGC Partners shares have increased 7% since the beginning of the year. The stock has decreased 55% in the last 12 months.

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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 BGCP at https://www.zacks.com/ap/BGCP