UPDATE: FXCM Posts Upbeat Q3 Profit
FXCM (NYSE: FXCM) reported a 33% rise in its third-quarter earnings.
FXCM's quarterly profit surged to $4.5 million, from $3.4 million, in the year-earlier period. On a per-share basis, its income dropped to $0.17 from $0.21.
Its revenue climbed 5.5% to $114.9 million. However, analysts were expecting a profit of $0.14 per share on revenue of $107 million.
FXCM's total trading volume declined 17%. However, daily average trades fell 21%.
FXCM shares closed at $9.03 yesterday.
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