FXCM, Inc. (FXCM) Misses Q2 EPS by 4c

FXCM, Inc. (NYSE: FXCM) reported Q2 EPS of ($0.02), $0.04 worse than the analyst estimate of $0.02. Revenue for the quarter came in at $97.9 million versus the consensus estimate of $96.3 million.

July 2014 Operating Metrics Highlights:

• Retail customer trading volume of $263 billion, 32% lower than July 2013
• Institutional customer trading volume of $262 billion, 42% higher than July 2013 and a record for FXCM

“In the second quarter of 2014, volatility in the currency markets hit all-time lows with FXCM seeing retail customer volumes the lowest they have been in years,” said Drew Niv, Chief Executive Officer. “However, despite the difficult trading conditions, we continue to gain market share and had another strong quarter of growth in customer equity, in part reflecting our strong brand and competitive position. Since year-end 2013, we have grown customer equity by $121 million or 10% and believe we are well positioned for when market conditions improve.”

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

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