Thursday, August 11, 2011

FXCM (NYSE:FXCM) Reports Solid Q2 Results: Shares Spike

FXCM (NYSE:FXCM) Reports Solid Q2 Results: Shares SpikeTomahawk, WI 8/11/2011 (PennyPayDay) – FXCM Inc (NYSE:FXCM), a leading online provider of foreign exchange, or FX, trading and related services, today announced, in a press release, for the quarter ended June 30, 2011, revenues increased to $103.4 million, compared to $94.7 million for the first quarter 2011 and $96.7 million for the second quarter 2010, an increase of 9% and 7% respectively.

Adjusted Pro Forma EBITDA for the second quarter 2011 was $28.5 million compared to $25.5 million for the first quarter 2011 and $35.2 million for the second quarter 2010, an increase of 12% and a decrease of 19%, respectively.

Adjusted Pro Forma Net Income was $15.6 million, or $0.21 per share on a fully exchanged, fully diluted basis, compared to $13.7 million, or $0.18 per share for the first quarter 2011 and $21.1 million, or $0.28 per share, for the second quarter 2010, an increase of 14% and a decrease of 26%, respectively.

U.S. GAAP net income for the second quarter 2011 was $3.3 million, or $0.19 cents per fully diluted Class A share.


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