BGC stock price inches up in premarket after earnings rally; Q1 outlook in focus
BGC Group shares rose 0.6% to $9.56 in Friday premarket trading after jumping 9% Thursday, following a quarterly report showing 32% revenue growth to $756.4 million and adjusted EPS of $0.31, beating estimates. The company forecast first-quarter revenue of $860 million to $920 million and declared a $0.02 dividend, payable March 18. GAAP profit fell to $13.88 million from $24.17 million a year earlier.