Virtu Financial (VIRT) Tops Q3 EPS by 1c, Revenues Beat

Virtu Financial (NASDAQ: VIRT) reported Q3 EPS of $0.22, $0.01 better than the analyst estimate of $0.21. Revenue for the quarter came in at $295.1 million versus the consensus estimate of $171.99 million.

“Our third quarter results reflected a market characterized by lower volume and muted volatility; however, we performed in-line with opportunities in Q3 and we have seen a substantial uptick in volumes and volatility in the first month of Q4. In particular, since building and rolling-out a single technology platform around our Virtu Execution Services business in late summer, we have seen a sharp increase in this business whose results are less volatile than our market making business,” said Douglas Cifu, Chief Executive Officer of Virtu Financial.

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

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