BGC Partners (BGCP) Cuts Q3 Revenue Outlook

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Go back to BGC Partners (BGCP) Cuts Q3 Revenue Outlook

BGC Partners Updates Its Outlook For The Third Quarter Of 2016

September 30, 2016 6:00 AM EDT

NEW YORK, Sept. 30, 2016 /PRNewswire/ -- BGC Partners, Inc. (NASDAQ: BGCP) ("BGC Partners," "BGC," or the "Company"), a leading global brokerage company servicing the financial and real estate markets, today updated its outlook with respect to its consolidated financial results for the third quarter of 2016.

The Company now expects its revenues for the period to be slightly below the low end of the range of its previously stated guidance, and for its pre-tax distributable earnings to be around the mid-point of the range. 

BGC plans to issue an advisory press release... More