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BGC Partners: 4Q Earnings Snapshot

NEW YORK (AP) _ BGC Partners Inc. (BGCP) on Thursday reported a loss of $18.5 million in its fourth quarter.

The New York-based company said it had a loss of 6 cents per share. Earnings, adjusted for one-time gains and costs, were 14 cents per share.

The brokerage company posted revenue of $466.4 million in the period. Its revenue net of interest expense was $466.4 million, missing Street forecasts.

For the year, the company reported profit of $194.1 million, or 60 cents per share. Revenue was reported as $1.94 billion.

BGC Partners shares have risen 19 percent since the beginning of the year. The stock has dropped 55 percent in the last 12 months.


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