Virtu Financial: Q2 Earnings Insights

Shares of Virtu Financial VIRT rose 0.6% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share rose 981.25% year over year to $1.73, which beat the estimate of $1.60.

Revenue of $905,903,000 higher by 139.37% from the same period last year, which beat the estimate of $649,120,000.

Guidance

Virtu Financial hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Details Of The Call

Date: Aug 07, 2020

Time: 08:30 AM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Fir.virtu.com%2Fevents-and-presentations%2Fdefault.aspx&eventid=2395976&sessionid=1&key=827BDEFE19B27DFE74757D6EAD9B37D8&regTag=&sourcepage=register

Technicals

Company's 52-week high was at $26.82

52-week low: $14.94

Price action over last quarter: Up 4.30%

Company Overview

Virtu Financial Inc is a leading technology-enabled market maker and liquidity provider to the global financial markets. The company's operating segment includes Market Making; Execution Services and Corporate. It generates maximum revenue from the Market Making segment. The Market Making segment principally consists of market making in the cash, futures and options markets across global equities, options, fixed income, currencies, and commodities. Geographically, it derives a majority of revenue from the United States and also has a presence in Ireland; Singapore; Canada; Australia and Other Countries.