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BGC Partners Inc (BGCP.OQ)

BGCP.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Parent Co Of Newmark Delivered A Notice Of Redemption To Holders Of Its Outstanding 8.125% Notes
Tuesday, 7 Aug 2018 09:37am EDT 

Aug 7 (Reuters) - Newmark Group Inc ::NEWMARK GROUP INC - ON AUGUST 3, 2018, PARENT CO OF NEWMARK DELIVERED A NOTICE OF REDEMPTION TO HOLDERS OF ITS OUTSTANDING 8.125% NOTES - SEC FILING.NEWMARK GROUP INC - REDEMPTION WILL OCCUR ON SEPTEMBER 5, 2018.NEWMARK GROUP - ON SEPT 4, 2018, NEWMARK PARTNERS WILL BORROW $112.5 MILLION FROM BGC PARTNERS.NEWMARK GROUP INC - NEWMARK PARTNERS TO USE LOAN PROCEEDS TO REPAY $112.5 MILLION BGC NOTE ON OR IMMEDIATELY PRIOR TO SEPT 5 2018.  Full Article

BGC Completes Offering Of $450 Mln Of 5.375% Senior Notes
Tuesday, 24 Jul 2018 04:05pm EDT 

July 24 (Reuters) - BGC Partners Inc ::BGC COMPLETES OFFERING OF $450 MILLION OF 5.375% SENIOR NOTES.  Full Article

BGC Announces Pricing Of $450 Million Of 5.375% Senior Notes
Thursday, 19 Jul 2018 05:21pm EDT 

July 19 (Reuters) - BGC Partners Inc ::BGC ANNOUNCES PRICING OF $450 MILLION OF 5.375% SENIOR NOTES.BGC PARTNERS INC - 5.375% NOTES WILL MATURE ON JULY 24, 2023.  Full Article

Newmark And BGC Partners Announce Monetization Of Approximately 2 Mln Nasdaq Shares And Update Their Outlooks
Wednesday, 20 Jun 2018 08:00am EDT 

June 20 (Reuters) - BGC Partners Inc ::NEWMARK AND BGC PARTNERS ANNOUNCE MONETIZATION OF APPROXIMATELY TWO MILLION NASDAQ SHARES AND UPDATE THEIR OUTLOOKS.NEWMARK ENTERED INTO TRANSACTIONS RELATED TO MONETIZATION OF SHARES OF NASDAQ IT EXPECTS TO RECEIVE IN 2019 AND 2020.NEWMARK'S PRINCIPAL OPERATING UNIT ISSUED ABOUT $175 MILLION OF EXCHANGEABLE PREFERRED LIMITED PARTNERSHIP UNITS IN A PRIVATE TRANSACTION.NEWMARK TO RECEIVE NET CASH PROCEEDS OF ABOUT $153 MILLION.NET OF TRANSACTION COSTS, NEWMARK TO RECEIVE ABOUT $153 MILLION PROCEEDS, NON-DILUTIVE EQUITY ON ITS BALANCE SHEET FROM MONETIZATION IN Q2.NEWMARK INTENDS TO USE NET PROCEEDS FROM MONETIZATION TO REPAY A PORTION OF $400 MILLION CONVERTED TERM LOAN MATURING SEPTEMBER 8, 2019.AFTER REPAYMENT, ABOUT $247 MILLION OF CONVERTED TERM LOAN WILL REMAIN OUTSTANDING.APPROXIMATELY $153 MILLION WILL ALSO BECOME AVAILABLE TO BE DRAWN UPON UNDER BGC'S REVOLVING CREDIT FACILITY.NEWMARK RETAINS FLEXIBILITY TO MONETIZE SOME OR ALL OF ANTICIPATED OVER $650 MILLION OF REMAINING SEVEN NASDAQ PAYMENTS FROM 2021 TO 2027.ISSUANCE OF EPUS TO RBC ARE NOT EXPECTED TO HAVE ANY IMPACT ON NEWMARK'S FULLY DILUTED SHARE COUNT.NEWMARK TODAY REAFFIRMED ENTIRETY OF ITS OUTLOOK FOR FULL YEAR 2018.BGC EXPECTS RESULTS TO BE AROUND HIGH END OF PREVIOUSLY STATED CONSOLIDATED OUTLOOK FOR REVENUES AND ADJUSTED EARNINGS FOR Q2 OF 2018.NEWMARK, BGC PARTNERS' MONETIZATION OF SHARES HAD NO IMPACT ON $93.5 MILLION NASDAQ PAYMENT EXPECTED TO BE RECOGNIZED IN Q3 2018.  Full Article

BGC Partners Updates Q1 Revenue And Earnings Outlook
Tuesday, 27 Mar 2018 04:05pm EDT 

March 27 (Reuters) - Bgc Partners Inc ::BGC PARTNERS UPDATES ITS OUTLOOK FOR THE FIRST QUARTER OF 2018.BGC PARTNERS - ‍CO'S REVENUES AND PRE-TAX ADJUSTED EARNINGS FOR Q1 OF 2018 ARE NOW EXPECTED TO BE ABOVE HIGH END OF RANGE OF ITS PREVIOUSLY STATED GUIDANCE​.  Full Article

BGC Partners's Unit Wins Energy Procurement & Supply Management Services Contract
Monday, 26 Mar 2018 10:55am EDT 

March 26 (Reuters) - BGC Partners Inc ::BGC PARTNERS INC - UNIT WON MULTI-YEAR ENERGY PROCUREMENT & SUPPLY MANAGEMENT SERVICES CONTRACT​.BGC PARTNERS - CONTRACT IS FOR CORPORATELY-MANAGED SITES OF MARRIOTT INTERNATIONAL INC THROUGHOUT UNITED STATES, CANADA AND MEXICO.  Full Article

BGC Partners Files For Potential Stock Shelf
Friday, 9 Mar 2018 04:47pm EST 

March 9 (Reuters) - BGC Partners Inc ::BGC PARTNERS INC FILES FOR POTENTIAL STOCK SHELF OF UP TO $300 MILLION OF ITS CLASS A COMMON STOCK – SEC FILING‍​.  Full Article

BGC Partners, Newmark To Repay Remaining Balance Of $575 Mln Unsecured Senior Term Loan
Wednesday, 7 Mar 2018 09:04am EST 

March 7 (Reuters) - BGC Partners Inc ::BGC PARTNERS AND NEWMARK GROUP TO REPAY REMAINING BALANCE OF $575 MILLION UNSECURED SENIOR TERM LOAN.SAYS ‍TRENDING TOWARDS HIGH END OF CONSOLIDATED OUTLOOK FOR REVENUE AND ADJUSTED EARNINGS FOR Q1 2018​.SAYS ‍NEWMARK REAFFIRMED ENTIRETY OF OUTLOOK FOR FY 2018​.SAYS ‍FUNDED PURCHASE USING PROCEEDS FROM CONTROLLED EQUITY OFFERING PROGRAM​.  Full Article

BGC Partners Inc Reports Qtrly GAAP Loss Per Share Of $0.41
Friday, 9 Feb 2018 06:00am EST 

Feb 9 (Reuters) - BGC Partners Inc ::BGC PARTNERS REPORTS FOURTH QUARTER AND FULL YEAR 2017 FINANCIAL RESULTS.BGC PARTNERS INC - QTRLY GAAP LOSS PER SHARE $0.41.BGC PARTNERS INC - QTRLY POST-TAX ADJUSTED EARNINGS PER SHARE $0.35‍​.BGC PARTNERS INC QTRLY REVENUES $894.2 MILLION VERSUS $755.8 MILLION.BGC PARTNERS INC SEES Q1 2018 CONSOLIDATED REVENUES OF BETWEEN $870 MILLION AND $920 MILLION.BGC PARTNERS INC - EXPECTS Q1 CONSOL PRE-TAX ADJUSTED EARNINGS BEFORE NONCONTROLLING INTEREST IN SUBSIDIARIES AND TAXES TO BE BETWEEN $140 MILLION AND $160 MILLION.BGC PARTNERS INC - DUE TO TCJA ,GAAP PROVISION FOR INCOME TAXES INCLUDED ONE-TIME CHARGE OF ABOUT $120.9 MILLION IN QUARTER.  Full Article

BGC Partners Updates Its Outlook For The Fourth Quarter Of 2017
Wednesday, 20 Dec 2017 08:05am EST 

Dec 20 (Reuters) - Bgc Partners Inc ::BGC PARTNERS UPDATES ITS OUTLOOK FOR THE FOURTH QUARTER OF 2017.BGC PARTNERS INC - REVENUE, PRE-TAX ADJUSTED EARNINGS FOR Q4 NOW EXPECTED TO BE AROUND HIGH-END OF RANGE OF PREVIOUS GUIDANCE.BGC PARTNERS INC - ‍GOING FORWARD, COMPANY WILL NO LONGER BE REFERRING TO ITS NON-GAAP FINANCIAL MEASURES AS DISTRIBUTABLE EARNINGS​.BGC PARTNERS INC - ‍BGC WILL INSTEAD BE REFERRING TO NON-GAAP FINANCIAL MEASURES AS ADJUSTED EARNINGS​.BGC PARTNERS INC - ‍BGC IS EXPECTED TO INCLUDE NEWMARK IN ITS CONSOLIDATED RESULTS UNTIL PLANNED SPIN-OFF OF NEWMARK​.BGC PARTNERS- BETWEEN NEWMARK IPO AND DISTRIBUTION TO BGC STOCKHOLDERS OF NEWMARK SHARES, CURRENTLY SEES TO MAINTAIN QTRLY DIVIDEND OF $0.18/SHARE.  Full Article

BRIEF-BGC Partners Reports Quarterly GAAP Net Income Per Share $0.19

* BGC PARTNERS INC QUARTERLY POST-TAX ADJUSTED EARNINGS PER SHARE $0.32