Virtu Finl Adj Q2 EPS $0.37, Inline, Adj Sales $306.16M Beat $279.01M Estimate
Portfolio Pulse from Benzinga Newsdesk
Virtu Financial (NASDAQ:VIRT) reported Q2 adjusted earnings of $0.37 per share, in line with analyst estimates, but a 49.32% decrease from the same period last year. Adjusted quarterly sales were $306.16 million, beating estimates of $279.01 million by 9.73%, but a 49.37% decrease from last year.
July 26, 2023 | 11:06 am
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NEGATIVE IMPACT
Virtu Financial's Q2 earnings met estimates but were significantly lower than last year. Sales beat estimates but also saw a significant YoY decrease.
Virtu Financial's earnings met estimates, which is positive, but the significant year-over-year decrease in both earnings and sales could negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100