Virtu Finl Q4 Adj EPS $0.27 Misses $0.41 Estimate, Adj Sales $260.91M Miss $286.54M Estimate
Portfolio Pulse from Benzinga Newsdesk
Virtu Financial (VIRT) reported Q4 adjusted earnings per share (EPS) of $0.27, falling short of the consensus estimate of $0.41 by 34.15%. Year-over-year, this represents a 27.03% decrease from the $0.37 EPS reported in the same quarter last year. The company also missed revenue estimates, with quarterly sales of $260.91 million compared to the expected $286.54 million, an 8.94% miss and a 4.80% decrease from the previous year's sales of $274.08 million.
January 25, 2024 | 11:04 am
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Virtu Financial's Q4 earnings and revenue fell short of analyst expectations, with a significant decrease in EPS and a slight decline in sales compared to last year.
Missing both earnings and revenue estimates is typically seen as a negative signal about a company's financial health and often results in a negative short-term reaction in the stock market. The significant miss in EPS and the year-over-year decline in both metrics are likely to be viewed unfavorably by investors.
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