FXCM Q4 Results Top Estimates - Quick Facts

(RTTNews) - FXCM Inc. (FXCM), an online provider of foreign exchange, or FX, trading and related services, said that U.S. GAAP net income attributable to the company for the fourth quarter 2013 was $2.97 million or $0.08 per Class A share, down from $3.00 million or $0.11 per Class A share for the fourth quarter 2012.

Adjusted pro forma net income was $7.3 million or $0.10 per share, compared to $9.7 million or $0.13 per share for the fourth quarter 2012. Analysts polled by Thomson Reuters expected the company to report earnings of $0.09 per share. Analysts' estimates typically exclude special items.

Revenues under U.S. GAAP for the quarter was $113.3 million, compared to $108.1 million last year, an increase of 5%. Adjusted Pro Forma revenues for the fourth quarter 2013 were $107.6 million, compared to $108.1 million for the fourth quarter 2012, a decrease of 0.5%. Five analysts estimated revenues of $106.18 million for the quarter.

The company reported Retail customer trading volume of $305 billion in February 2014, 15% lower than February 2013. Average retail customer trading volume per day of $15.2 billion in February 2014, 15% lower than February 2013. An average of 401,674 retail client trades per day in February 2014, 13% lower than February 2013.

Institutional customer trading volume was $162 billion in February 2014, 23% higher than February 2013. Average institutional trading volume per day was $8.1 billion in February 2014, 23% higher than February 2013. An average of 35,047 institutional client trades per day was in February 2014, 96% higher than February 2013.