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BGCP - BGC Partners cuts Q3 outlook on lower industry volumes
BGC Partners Inc.
Citing a backdrop of lower industry volumes across rates, foreign exchange, and credit, BGC Partners (BGCP) expects Q3 revenue and pre-tax adjusted earnings to be between the mid-point and the low-end of the range of its previously stated outlook.The company earlier expected Q3 revenue of $440M-$490M (current consensus $465.85M) and pre-tax adjusted earnings $63M-$83M.Source: Press Release