FXCM, Inc. (FXCM) Posts Q2 GAAP Loss of $2.03/Share

FXCM, Inc. (NYSE: FXCM) reported Q2 EPS of ($2.03), $1.85 worse than the analyst estimate of ($0.18). Revenue for the quarter came in at $60.5 million versus the consensus estimate of $61 million.

Results from operations for the quarter and the six months ended June 30, 2015 included a loss on derivative liability of $99.9 million and $392.3 million, respectively, a non-cash item relating to the increase in value of the Leucadia Letter Agreement. The Letter Agreement is a component of the financing package provided by Leucadia National Corp. ("Leucadia"). As previously mentioned, on January 16, 2015, FXCM entered into a financing agreement with Leucadia that permitted FXCM's regulated subsidiaries to meet their regulatory capital requirements and continue normal operations after significant losses were incurred resulting from the events of January 15, 2015. On January 15, 2015, FXCM's customers suffered negative equity balances due to the unprecedented move in the Swiss Franc after the Swiss National Bank ("SNB") discontinued its peg of the Swiss Franc to the Euro.

For earnings history and earnings-related data on FXCM, Inc. (FXCM) click here.

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