Virtu Finl Q3 Adj. EPS $0.45 Beats $0.41 Estimate, Sales $298.01M Beat $287.78M Estimate
Portfolio Pulse from Benzinga Newsdesk
Virtu Finl (NASDAQ:VIRT) reported Q3 adjusted earnings of $0.45 per share, beating the analyst consensus estimate of $0.41 by 9.76%. However, this is a 26.23% decrease from the same period last year. The company also reported quarterly sales of $298.01 million, beating the analyst consensus estimate of $287.78 million by 3.55%, but this is a 10.01% decrease from the same period last year.
November 02, 2023 | 11:06 am
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Virtu Finl's Q3 earnings beat estimates but are down from last year. Earnings per share are $0.45, beating estimates by 9.76%, and sales are $298.01M, beating estimates by 3.55%.
While Virtu Finl beat analyst estimates for Q3, the decrease in earnings and sales compared to the same period last year could potentially offset any positive impact from beating estimates. This could lead to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100