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Friday, March 13, 2015 12:50:36 AM
FXCM
Shares of FXCM Inc. (NYSE: FXCM) climbed more than 6 percent in after-hours trading after the company reported better-than-expected results for the fourth quarter.
The New York-based company posted quarterly net earnings of $15.8 million, or $0.35 per share, compared to $3 million, or $0.08 per share, in the year-ago period. Excluding non-recurring items, the company's adjusted earnings came in at $0.20 per share.
Its total revenue surged to $134.7 million, compared to $113.3 million. However, analysts were expecting earnings of $0.17 per share on revenue of $129.9 million.
FXCM's retail trading revenue rose 13 percent to $93.8 million.
Adjusted EBITDA climbed 53 percent to $40.8 million in the quarter.
Retail customer trading volume dipped 12 percent y/y to $267 billion in February. Institutional customer trading volume came in unchanged from the year-ago month to $162 billion in February 2015.
FXCM shares surged 6.05 percent to $2.28 in the afte
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