KCG Holdings Reports Q1 Profit

KCG Holdings reported pre-market Thursday Q1 earnings of $0.05 per diluted share compared with an income of $0.41 per share a year ago, beating the $0.04 average loss-per-share estimate from analysts polled by Capital IQ.

Total revenue slumped to $255.4 million from $345.4 million a year ago, coming in above the $250.8 million consensus. Shares of KCG were up 11% in recent pre-market, on track to hit a new lifetime high in regular trade, after the company entered into a definite agreement to be acquired by Virtu Financial (VIRT) for about $1.4 billion.

By Stephen Holmes