BGC Group Confirms Q4 Outlook Update

By Bobby Samwell • Tuesday, December 31 10:15 • Permanent Link

BGC Group, Inc. (NASDAQ: BGC) has updated its outlook for the fourth quarter of 2024, reaffirming its previously stated ranges for revenue and pre-tax adjusted earnings. The company's outlook was contained in its financial results press release issued on October 31, 2024.

The non-GAAP financial measures used by the company include "adjusted earnings before noncontrolling interests and taxes", "post-tax adjusted earnings to fully diluted shareholders", "adjusted EBITDA", "liquidity", and "constant currency". These measures are supplemental metrics used by management to evaluate the financial performance of the company and its consolidated subsidiaries.

BGC's adjusted earnings primarily exclude certain non-cash items and other expenses that generally do not involve the receipt or outlay of cash by the company and/or which do not dilute existing stockholders. The Today the company's shares have moved 1.3% to a price of $9.04. For more information, read the company's full 8-K submission here.

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