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BGC Partners Inc (BGCP.OQ)

BGCP.OQ on NASDAQ Stock Exchange Global Select Market

13.30USD
23 Feb 2018
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Latest Key Developments (Source: Significant Developments)

BGC Partners Updates Its Outlook For The Fourth Quarter Of 2017
Wednesday, 20 Dec 2017 

Dec 20 (Reuters) - Bgc Partners Inc ::BGC PARTNERS UPDATES ITS OUTLOOK FOR THE FOURTH QUARTER OF 2017.BGC PARTNERS INC - REVENUE, PRE-TAX ADJUSTED EARNINGS FOR Q4 NOW EXPECTED TO BE AROUND HIGH-END OF RANGE OF PREVIOUS GUIDANCE.BGC PARTNERS INC - ‍GOING FORWARD, COMPANY WILL NO LONGER BE REFERRING TO ITS NON-GAAP FINANCIAL MEASURES AS DISTRIBUTABLE EARNINGS​.BGC PARTNERS INC - ‍BGC WILL INSTEAD BE REFERRING TO NON-GAAP FINANCIAL MEASURES AS ADJUSTED EARNINGS​.BGC PARTNERS INC - ‍BGC IS EXPECTED TO INCLUDE NEWMARK IN ITS CONSOLIDATED RESULTS UNTIL PLANNED SPIN-OFF OF NEWMARK​.BGC PARTNERS- BETWEEN NEWMARK IPO AND DISTRIBUTION TO BGC STOCKHOLDERS OF NEWMARK SHARES, CURRENTLY SEES TO MAINTAIN QTRLY DIVIDEND OF $0.18/SHARE.  Full Article

BGC Partners And Newmark Group Announce Pricing Of Newmark Group Initial Public Offering
Friday, 15 Dec 2017 

Dec 15 (Reuters) - Newmark Group Inc ::BGC PARTNERS AND NEWMARK GROUP ANNOUNCE PRICING OF NEWMARK GROUP INITIAL PUBLIC OFFERING.NEWMARK GROUP INC - PRICES INITIAL PUBLIC OFFERING OF 20 MILLION SHARES OF NEWMARK'S CLASS A COMMON STOCK AT A PRICE TO PUBLIC OF $14.00 PER SHARE.NEWMARK GROUP INC - NEWMARK'S CLASS A SHARES ARE EXPECTED TO BEGIN TRADING ON DECEMBER 15, 2017 ON NASDAQ GLOBAL SELECT MARKET UNDER SYMBOL "NMRK".  Full Article

Newmark Group Now Sees IPO Of 20 Million Shares Priced Between $14-$15 Per Share
Thursday, 14 Dec 2017 

Dec 14 (Reuters) - NEWMARK GROUP INC::NEWMARK GROUP INC SEES IPO OF 20 MILLION SHARES OF ITS CLASS A COMMON STOCK PRICED BETWEEN $14.00 AND $15.00 PER SHARE - SEC FILING.NEWMARK GROUP INC HAD PREVIOUSLY EXPECTED IPO OF 30 MILLION SHARES OF CLASS A COMMON STOCK PRICED BETWEEN $19-$22 PER SHARE.NEWMARK GROUP - AFTER COMPLETION OF OFFERING, BGC PARTNERS WILL CONTINUE TO HOLD ALL OF NEWMARK'S ISSUED AND OUTSTANDING SHARES OF CLASS B COMMON STOCK.NEWMARK GROUP - AFTER COMPLETION OF OFFERING, BGC PARTNERS WILL HOLD ABOUT 93.2 PERCENT OF THE TOTAL VOTING POWER OF NEWMARK'S COMMON STOCK.  Full Article

BGC Partners reports Q3 EPS of $0.28
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - Bgc Partners Inc :Bgc Partners reports third quarter 2017 financial results.Bgc Partners Inc qtrly revenues $827.0 million versus $734.8 mln‍​.BGC Partners Inc qtrly GAAP net income per fully diluted share $0.28.BGC Partners Inc - declared an 18 cent dividend for the third quarter, which is up 12.5 percent year-on-year‍​.BGC Partners Inc - "expect to continue to have strong performance in the fourth quarter of 2017 into 2018".BGC Partners Inc sees Q4 revenues of between approximately $800 million and $850 million‍​.BGC Partners sees Q4 pre-tax distributable earnings before noncontrolling interest in subsidiaries and taxes to be in range of $140 million - $160 million.Bgc Partners -Q4 outlook includes additional $7.5 million of interest expense related to new debt incurred with respect to the Berkeley Point acquisition.  Full Article

Newmark Group Inc files for IPO of up to $100 mln
Monday, 23 Oct 2017 

Oct 23 (Reuters) - Newmark Group Inc::Newmark Group Inc files for IPO of up to $100 million – SEC filing.Newmark Group Inc says it intends to apply to have its class a common stock listed on Nasdaq Global Market under the symbol "NMRK".Newmark Group Inc says Goldman Sachs & Co Llc, Bofa Merrill Lynch, Citigroup, Cantor Fitzgerald & Co were among underwriters to the IPO.Newmark Group Inc says proposed IPO price is an estimate solely for calculating sec registration fee.Newmark Group Inc says following IPO, BGC Partners Inc will control more than majority of total voting power of common stock.  Full Article

Bgc Partners Inc Says drew $400 mln under revolving credit facility and $575 mln under term loan facility​
Friday, 8 Sep 2017 

Sept 8 (Reuters) - Bgc Partners Inc :Bgc Partners Inc - ‍on september 8, 2017, company drew $400 million under revolving credit facility and $575 million under term loan facility​.  Full Article

BGC Partners updates its outlook for Q3 2016
Friday, 30 Sep 2016 

Bgc Partners Inc : Now expects its revenues for period to be slightly below low end of range of its previously stated guidance .Expects Q3 pre-tax distributable earnings to be around mid-point of range of its previously stated guidance.  Full Article

BGC Partners announces agreement to buy Perimeter Markets
Thursday, 25 Aug 2016 

BGC Partners Inc : BGC Partners announces agreement to acquire Perimeter Markets Inc, an operator of electronic trading platforms in Canada . Details of transaction were not disclosed .Has entered into an agreement to acquire Perimeter Markets Inc.  Full Article

BGC Partners reports Qtrly GAAP EPS $0.06
Thursday, 28 Jul 2016 

Bgc Partners Inc [BGCP.O] : Qtrly gaap earnings per share $0.06 . Anticipates third quarter of 2016 revenues of between $655 million and $695 million . Qtrly pre-tax distributable earnings per share $0.22 . Bgc partners reports second quarter 2016 financial results . Qtrly revenues under both U.S. Gaap and distributable earnings $652.0 million versus. $669.1 million last year . Qtrly post-tax distributable earnings per share $0.19 .Expects q3 pre-tax distributable earnings before noncontrolling interest in subsidiaries and taxes to be in range of $99 to $115 million.  Full Article

BGC Partners to acquire Sunrise Brokers
Tuesday, 19 Jul 2016 

Bgc Partners Inc : Bgc partners announces agreement to acquire sunrise brokers, a leading financial brokerage for equity derivatives .Details of transaction were not disclosed.  Full Article

BRIEF-BGC Partners Inc Reports Qtrly GAAP Loss Per Share Of $0.41

* BGC PARTNERS REPORTS FOURTH QUARTER AND FULL YEAR 2017 FINANCIAL RESULTS