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BGC Partners Inc (BGCP.OQ)

BGCP.OQ on NASDAQ Stock Exchange Global Select Market

11.29USD
13 Aug 2018
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Latest Key Developments (Source: Significant Developments)

Newmark Group Inc - QTRLY Post-Tax Adjusted Earnings Per Share $0.25
Thursday, 2 Aug 2018 

Newmark Group Inc ::NEWMARK GROUP REPORTS SECOND QUARTER 2018 FINANCIAL RESULTS.NEWMARK GROUP INC - QTRLY GAAP NET INCOME PER FULLY DILUTED SHARE $0.00.NEWMARK GROUP INC - QTRLY POST-TAX ADJUSTED EARNINGS PER SHARE $0.25.NEWMARK GROUP INC - QTRLY REVENUES $466.6 MILLION VERSUS $405.1 MILLION.NEWMARK GROUP INC - EXPECTS 2018 REVENUES BETWEEN $1,900 MILLION AND $2,050 MILLION APPROXIMATELY.NEWMARK GROUP INC - EXPECTS 2018 POST-TAX ADJUSTED EARNINGS PER SHARE TO BE IN THE RANGE OF APPROXIMATELY $1.40 AND $1.60.NEWMARK GROUP INC - RAISING OUTLOOK FOR ADJUSTED EBITDA BEFORE ALLOCATIONS TO UNITS TO BETWEEN $500 MILLION AND $550 MILLION.  Full Article

BGC Partners Reports Qtrly EPS Of $0.10
Thursday, 2 Aug 2018 

Aug 2 (Reuters) - BGC Partners Inc ::BGC PARTNERS REPORTS SECOND QUARTER 2018 FINANCIAL RESULTS.BGC PARTNERS INC QTRLY EARNINGS PER SHARE $0.10.BGC PARTNERS INC QTRLY ADJUSTED EARNINGS PER SHARE $0.30.BGC PARTNERS INC QTRLY TOTAL REVENUES $960.1 MILLION VERSUS ABOUT $848.9 MILLION.BGC PARTNERS INC - ANTICIPATES THIRD QUARTER 2018 CONSOLIDATED REVENUES OF BETWEEN $920 MILLION AND $970 MILLION.BGC PARTNERS - FOR THE FULL YEAR 2018, THE COMPANY EXPECTS POST-SPIN BGC REVENUES TO INCREASE BY BETWEEN 7 AND 10 PERCENT YEAR-ON-YEAR.BGC PARTNERS - FOR THE FULL YEAR 2018, NEWMARK EXPECTS ITS REVENUES TO INCREASE BY 19 TO 28 PERCENT.BGC PARTNERS -EXPECTS CONSOLIDATED PRE-TAX ADJUSTED EARNINGS BEFORE NONCONTROLLING INTEREST IN SUBSIDIARIES AND TAXES 12 PERCENT TO 21 PERCENT HIGHER.BGC PARTNERS -FOR THE FULL YEAR 2018, NEWMARK EXPECTS ITS ADJUSTED EARNINGS PER SHARE TO GROW BY 22 TO 39 PERCENT.BGC PARTNERS -FOR THE FULL YEAR 2018, CO EXPECTS PRE-TAX ADJUSTED EARNINGS TO GROW BY BETWEEN 20 AND 28 PERCENT.  Full Article

Bgc Announces Offering Of Senior Notes
Thursday, 19 Jul 2018 

BGC Partners Inc ::BGC ANNOUNCES OFFERING OF SENIOR NOTES.BGC PARTNERS INC - INTENDS TO USE NET PROCEEDS FROM OFFERING TO REPAY REVOLVING INDEBTEDNESS.  Full Article

Newmark Group Agrees To Acquire RKF Retail Holdings
Tuesday, 29 May 2018 

May 29 (Reuters) - Newmark Group Inc ::NEWMARK GROUP, INC. AGREES TO ACQUIRE RKF RETAIL HOLDINGS, LLC.NEWMARK GROUP INC - ROBERT K. FUTTERMAN TO SERVE AS CHAIRMAN OF NEWMARK'S RETAIL LEASING DIVISION.NEWMARK GROUP - CO'S ACQUISITION OF RKF IS EXPECTED TO CLOSE BEFORE END OF YEAR.  Full Article

BGC Partners Says CEO's FY 2017 Total Compensation Was $15.7 Mln Vs $13.8 Mln In FY 2016
Monday, 30 Apr 2018 

April 30 (Reuters) - BGC Partners Inc ::BGC PARTNERS INC SAYS CEO HOWARD LUTNICK'S FY 2017 TOTAL COMPENSATION WAS $15.7 MILLION VERSUS $13.8 MILLION IN FY 2016 - SEC FILING.BGC PARTNERS INC SAYS PRESIDENT SHAUN LYNN'S FY 2017 TOTAL COMPENSATION WAS $8.5 MILLION VERSUS $8.3 MILLION IN FY 2016.  Full Article

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