Intl Fcstone (INTL) Tops Q4 EPS by 38c

Intl Fcstone (NASDAQ: INTL) reported Q4 EPS of $1.09, $0.38 better than the analyst estimate of $0.71. Revenue for the quarter came in at $178.7 million versus the consensus estimate of $166.21 million.

Sean M. O'Connor, CEO of INTL FCStone Inc., stated, "We achieved very strong results for the fourth quarter which was a record in almost every respect. With a very strong Q4 result we achieved our target ROE of 15% for the year overall which we believe is a "best in class" performance. These results have been underpinned by very strong transaction volumes across the board indicative of increases in market share by all our businesses. We now have the capability to provide execution, market intelligence and clearing services across asset classes and in all major markets and are ideally placed to take advantage of ongoing industry consolidation. In addition, we have a unique global payments business which provides last mile execution capability in over 130 markets. This business is fast growing, highly scalable and enjoys excellent margins and is increasingly becoming a solution provider to the banking industry."

For earnings history and earnings-related data on Intl Fcstone (INTL) click here.

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