BGC Partners (BGCP) Updates its Outlook for Q2

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Go back to BGC Partners (BGCP) Updates its Outlook for Q2

BGC Partners Updates its Outlook for the Second Quarter of 2020

June 30, 2020 4:05 PM EDT

NEW YORK, June 30, 2020 /PRNewswire/ -- BGC Partners, Inc. (NASDAQ: BGCP) ("BGC Partners" or "BGC" or the "Company"), a leading global brokerage and financial technology company, today announced that it has updated its outlook for the quarter ending June 30, 2020.

Updated OutlookAgainst a backdrop of weaker industry volumes across rates and foreign exchange,1 BGC's revenues for the second quarter of 2020 are now expected to be slightly below the low-end of the range of its previously stated outlook, while its pre-tax Adjusted Earnings are anticipated to be slightly above the low-end of... More