FXCM (FXCM) Shares Pop on Solid Q4, New Japanese Acquisition
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FXCM Inc. (Nasdaq: FXCM) shares are rocking higher, following Q4 results out of the company and a little M&A on the side.
FXCM reported EPS of $0.24 and revs of $96.13 million today, easily topping the consensus EPS of $0.19 and revs of $76.3 million.
Additionally, the company announced that they have entered into an agreement for the acquisition the retail FX business of GCI Capital of Japan with over 20,000 active accounts and $100 million in customer equity.
The acquired business will be merged with the Japanese subsidiary of ODL.
CEO Drew Niv said that the unit generates about $1 million in revs per month.
FXCM shares are up 4.4% on the day.
FXCM reported EPS of $0.24 and revs of $96.13 million today, easily topping the consensus EPS of $0.19 and revs of $76.3 million.
Additionally, the company announced that they have entered into an agreement for the acquisition the retail FX business of GCI Capital of Japan with over 20,000 active accounts and $100 million in customer equity.
The acquired business will be merged with the Japanese subsidiary of ODL.
CEO Drew Niv said that the unit generates about $1 million in revs per month.
FXCM shares are up 4.4% on the day.
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