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home / news releases / BGCP - BGC Partners expects Q1 revenue slightly below mid-point of forecast

BGCP - BGC Partners expects Q1 revenue slightly below mid-point of forecast

BGC Partners Inc.

2023-03-31 17:06:37 ET

  • BGC ( NASDAQ: BGCP ) said it sees revenue and pre-tax Adjusted Earnings for the first quarter of 2023 are now expected to be slightly below the midpoint of the range.
  • In Feb, the company said it expects Q1 revenue in the range of $515M to $565M vs. consensus of $543.12M.
  • The company said revenue was slightly impacted by the recent turmoil of regional banks and certain global investment banks, which resulted in lower volumes over the last few weeks of the quarter.
  • Press Release

For further details see:

BGC Partners expects Q1 revenue slightly below mid-point of forecast
Stock Information
Company Name: BGC Partners Inc.
Stock Symbol: BGCP
Market: NASDAQ
Website: bgcpartners.com
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