Virtu Financial: Fourth Quarter Earnings Overview

Virtu Financial Reports Strong Fourth-Quarter Results

Virtu Financial Inc., headquartered in New York, announced a net profit of $139.9 million for the fourth quarter.

The company’s earnings amounted to $1.54 per share. After adjusting for one-time expenses and stock-based compensation, earnings rose to $1.85 per share.

These figures outperformed analyst predictions, as the consensus from five analysts polled by Zacks Investment Research had anticipated earnings of $1.28 per share.

Virtu, known for its high-frequency trading operations, generated $969.9 million in revenue during the quarter. Adjusted revenue reached $613.4 million, surpassing the $519.2 million forecasted by four Zacks analysts.