BGC (BGC) Reports Q4 Earnings: $14.4M Profit, 31c EPS After Non-Recurring

BGC Group (BGC) released results for the fourth quarter, reporting a profit of $14.4 million. Earnings per share were 3 cents for the quarter, or 31 cents when adjusted for non-recurring items. Revenue for the quarter totaled $756.4 million, beating Street estimates. Year-to-date, the company posted a profit of $155 million, or 31 cents per share, on revenue of $2.94 billion. Management guidance for the first quarter ending March 31 projects revenue between $860 million and $920 million. The stock has fallen 2.5% year-to-date and 6% over the past 12 months.