BGC Partners Inc. Q3 adjusted earnings Miss Estimates

(RTTNews) - BGC Partners Inc. (BGCP) reported a profit for its third quarter that increased from the same period last year.

The company's profit totaled $120.29 million, or $0.35 per share. This compares with $81.53 million, or $0.28 per share, in last year's third quarter.

Excluding items, BGC Partners Inc. reported adjusted earnings of $205.75 million or $0.42 per share for the period.

Analysts had expected the company to earn $0.45 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 18.2% to $977.25 million from $827.03 million last year.

BGC Partners Inc. earnings at a glance:

-Earnings (Q3): $205.75 Mln. vs. $188.13 Mln. last year. -EPS (Q3): $0.42 vs. $0.41 last year. -Analysts Estimate: $0.45 -Revenue (Q3): $977.25 Mln vs. $827.03 Mln last year.