Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Virtu Financial Stock Plunged Today

TheMotleyFool

0 0

Shares of Virtu Financial (NASDAQ: VIRT) fell more than 18% on Thursday following the release of the financial services company's second-quarter results.

Virtu Financial posted a net loss of $55.5 million, which it said was due to costs related to its $1 billion acquisition of Investment Technology Group (ITG). On an adjusted basis, the company's non-GAAP earnings per share came in at $0.16. That was well below Wall Street's expectations for adjusted EPS of $0.28.

Trading revenue declined by 20% year over year to $205.9 million, as lower volatility and trading volumes in many of the markets in which it operates weighed on its results.

Quelle Fool.com

Like: 0

VIRT

Share