BGC Group, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 14, 2024 at 08:19 am EST
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BGC Group, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported revenue was USD 516.76 million compared to USD 436.52 million a year ago. Net income was USD 19.95 million compared to USD 2.22 million a year ago. Basic earnings per share from continuing operations was USD 0.04 compared to USD 0.01 a year ago. Diluted earnings per share from continuing operations was USD 0.04 compared to USD 0.01 a year ago.
For the full year, revenue was USD 2,025.4 million compared to USD 1,795.3 million a year ago. Net income was USD 36.27 million compared to USD 48.71 million a year ago. Basic earnings per share from continuing operations was USD 0.08 compared to USD 0.13 a year ago. Diluted earnings per share from continuing operations was USD 0.07 compared to USD 0.13 a year ago.
BGC Group, Inc. is a global brokerage and financial technology company servicing the financial markets. The Company, through its affiliates, specializes in the brokerage of a range of products, including fixed income, foreign exchange, equities, energy and commodities, shipping, and futures. It also provides a variety of services, including trade execution, brokerage, clearing, trade compression, post-trade, information, and other back-office services to a range of financial and non-financial institutions. Through its brands, including Fenics, FMX, FMX Futures Exchange, Fenics Markets Xchange, Fenics Digital, Fenics UST, Fenics FX, Fenics Repo, Fenics Direct, Fenics MID, Fenics Market Data, Fenics GO, Fenics PortfolioMatch, BGC, BGC Trader, KACE and Lucera, it offers financial technology solutions, market data, and analytics related to numerous financial instruments and markets. It serves banks, broker-dealers, investment banks, trading firms, hedge funds, governments and corporations.
BGC GROUP, INC. 
