ITG (ITG) Misses Q2 EPS by 1c

This morning, ITG (NYSE: ITG) reported Q2 EPS of ($0.02), $0.01 worse than the analyst estimate of ($0.01). Revenue for the quarter came in at $120.6 million versus the consensus estimate of $115.73 million.

Commenting on the results, ITG Chief Executive Officer and President Frank Troise said, “Our performance in the second quarter demonstrates the imperative to invest in our business and in our team as we strive to be the global leader in technology-driven liquidity, execution, analytics and workflow solutions. I believe that with passion, discipline and a commitment to excellence we will capitalize on the significant opportunities available across all of our businesses. Over the last several months, we have conducted an end-to-end business review and developed a plan to grow our revenues and expand our margins. I look forward to sharing the details of how the plan is focused on strengthening our client franchise and delivering greater shareholder value on theearnings call this morning.”

For earnings history and earnings-related data on ITG (ITG) click here.

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