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BGC Partners Inc Sees Q1 2013 Guidance At Low End Of Prior Range

Monday, 1 Apr 2013 04:03pm EDT 

BGC Partners Inc updated its financial outlook for the first quarter of 2013 and expects that its financial results will be around the low end of the range of its previously stated guidance for both revenues and earnings when it announces its financial results for the first quarter on May 2, 2013. The Company expected to generate distributable earnings revenues of between $440 million and $470 million, an increase of approximately 9% to 16% compared with $403.9 million. BGC Partners expected pre-tax distributable earnings to be between approximately $45 million and $55 million versus $58.2 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $458 million and pre-tax profit of $55 million for the first quarter of 2013. 

Company Quote

0.1 +1.34%
22 Oct 2014