Virtu Financial Exceeds Q4 Expectations with Strong Revenue and Earnings
Virtu Financial Inc. (VIRT) reported impressive financial results for the fourth quarter, surpassing market estimates.
Earnings:
* Net income: $94.1 million
* Earnings per share: $1.03
* Adjusted earnings per share: $1.14 (vs. analyst estimate of $0.86)
Revenue:
* Total revenue: $834.3 million
* Adjusted revenue: $457.7 million (vs. analyst estimate of $399.1 million)
Annual Performance:
* Net income: $276.4 million
* Earnings per share: $2.97
* Revenue: $1.6 billion
Virtu Financial's strong performance was driven by robust revenue growth across its trading segments. The company's high-speed trading capabilities continue to contribute significantly to its success.
These results demonstrate Virtu Financial's resilience and its position as a leading provider of financial services.