Virtu Finl Q2 Adj $0.83 Beats $0.60 Estimate, Adjusted Net Trading Income $385.08M Beat $331.57M Estimate
Portfolio Pulse from Benzinga Newsdesk
Virtu Financial (NASDAQ: VIRT) reported strong Q2 earnings, with adjusted EPS of $0.83 beating estimates by 38.33% and a 124.32% increase from last year. Quarterly sales of $385.08M also surpassed estimates by 16.14%, marking a 38.18% increase from the previous year.
July 18, 2024 | 11:03 am
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Virtu Financial reported strong Q2 earnings, significantly beating analyst estimates for both EPS and revenue. This performance indicates robust trading activity and effective cost management.
The significant beat on both EPS and revenue, along with substantial year-over-year growth, suggests strong operational performance. This is likely to positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100