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UPDATE: Knight Capital Q4 Profit Down 84%

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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.

Posted-In: profitEarnings News

 

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