FXCM Topped Q2 Results, Top Line Up 9.2%

Published on Thu, 08/11/2011 - 09:46
By FNNO Staff in General Interest, FXCM, business, fxcm, income, investment, market, news, shares, stocks, trade, trade business, News Update
business, fxcm, income, investment, market, news, shares, stocks, trade, trade business

FXCM (NASDAQ:FXCM) reported Q2 EPS of $0.19, ahead of consensus estimates of $0.16 per share. Revenues for the quarter rose 9.2% year-over-year to $103.4 million, topping consensus estimates of $97.4 million.

Drew Niv, Chief Executive Officer of FXCM Inc said, "FXCM delivered solid results in the second quarter. In particular, we are pleased with growing client equity to $839.0 million - up 97% from a year-ago and up 31% just from December 31, 2010. We are also pleased that in the quarter our retail clients generated record trading volume of $938 billion."

By FNNO Staff
fnnonline@gmail.com

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