UPDATE: Knight Capital Q4 Profit Down 84%
Knight Capital Group (NYSE: KCG) reported an 84% decline in its Q4 profit.
Knight Capital's quarterly profit dropped to $6.5 million, versus $40.2 million, in the year-ago period. Its per-share earnings fell to a penny versus $0.43, compared to analysts' estimates of $0.03 per share.
Its revenue declined 16% to $287.7 million.
Knight Capital shares closed at $3.69 yesterday.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.