UPDATE: Knight Capital Posts Upbeat Q1 Profit

Knight Capital Group

posted a loss in the first quarter. Knight Capital posted a quarterly loss of $9.4 million, or $0.03 per share, versus a year-ago profit of $33.1 million, or $0.36 per share. Excluding one-time items, Knight Capital earned $0.06 per share, beating analysts' estimates by $0.02 per share. Its revenue declined 5.7% to $285.2 million. Knight Capital shares closed at $3.54 yesterday.