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[SITUATION] · [ACTIVE] · [BUSINESS]

2 clusters · 4 sources · 3 days · First seen · Last updated

Corporate quarterly earnings reports

Overview

Various companies have released their third-quarter financial results. BGC Group, a New York-based interdealer broker, reported that its net income more than doubled to $68.7 million, driven by record revenues and a one-off gain from asset sales. Significant growth was noted in currency trading and electronic currency volumes.

Galaxy Gaming reported a 9% increase in revenue to $8.0 million, with net income rising to $5.1 million, partly influenced by fees related to a terminated merger. GigaCloud Technology also posted higher revenue and net income compared to the previous year, despite facing risks from ocean freight fluctuations and a previous governance investigation.

Entities

CX Clearinghouse · Water Street Labs · Galaxy Gaming · FMX FX · BGC Group

Timeline

  1. [BUSINESS] 2 sources
    Galaxy Gaming and GigaCloud Technology report third-quarter results

    Galaxy Gaming saw record recurring revenue and a 9% sales rise in Q3, while GigaCloud Technology reported growth in revenue and net income despite recent share price volatility.

  2. [BUSINESS] 2 sources
    BGC Group reports doubled quarterly profit following record revenue

    BGC Group's third-quarter net income rose to $68.7 million, fueled by record revenues and a $35 million gain from selling units to Fanatics.

Sources

europesays.com · financemagnates.com · gaming.net · thisdaylive.com