Virtu Financial (NASDAQ: VIRT) reported Q4 EPS of $0.27, $0.04 better than the analyst estimate of $0.23. Revenue for the quarter came in at $403.3 million versus the consensus estimate of $247.75 million.

Fourth Quarter 2019:

• Net loss of $29.4 million driven by acquisition related costs; Normalized Adjusted Net Income1 of $51.4 million
• Basic and diluted loss per share of $0.16; Normalized Adjusted EPS1 of $0.27
• Total revenues of $403.3 million; Trading income, net of $228.7 million; Adjusted Net Trading Income1 of $257.2 million
• Adjusted EBITDA1 of $114.6 million; Adjusted EBITDA Margin1 of 44.6%
• Increasing synergy guidance related to the ITG acquisition to the top of the target range

The Virtu Financial, Inc. Board of Directors declared a quarterly cash dividend of $0.24 per share. This dividend is payable on March 16, 2020 to shareholders of record as of March 2, 2020.

"I'm very pleased with the strong performance we delivered in the fourth quarter amidst the muted global trading environment. Our market making results were driven by our ongoing commitment to investing in technology, which also led to notable growth in our European and U.S. equities market making segment in both our customer and non-customer businesses. In our execution services business, we continue to integrate ITG, and our expense synergies realized to date have already exceeded our own initial expectations,” said Douglas A. Cifu, Chief Executive Officer. “We believe there are significant growth opportunities ahead as we continue to add scale, market presence and execution capabilities that will add value to our clients' trading and investment processes. Our business is off to a strong start in 2020 and I'm excited for the opportunities ahead."

For earnings history and earnings-related data on Virtu Financial (VIRT) click here.