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BGCP - BGC Partners Inc News Story

$5.38 -0.1  -0.9%

Last Trade - 14/02/20

Sector
Financials
Size
Mid Cap
Market Cap £1.46bn
Enterprise Value £2.08bn
Revenue £1.61bn
Position in Universe 1946th / 6406

BRIEF-Bgc Partners Expects Its Post-Spin Results Excluding Newmark For FY 2018 To Be Around Midpoint Of Its Previously Stated Outlook

Thu 20th December, 2018 1:38pm
Dec 20 (Reuters) - BGC Partners Inc  BGCP.O :
    * BGC PARTNERS UPDATES ITS POST-SPIN OUTLOOK FOR FULL YEAR
2018
    * BGC PARTNERS INC - OUTLOOK EXCLUDES RESULTS OF ITS FORMER
SUBSIDIARY NEWMARK GROUP
    * BGC PARTNERS INC - EXPECTS ITS POST-SPIN RESULTS EXCLUDING
NEWMARK FOR FULL-YEAR 2018 TO BE AROUND MIDPOINT OF ITS
PREVIOUSLY STATED OUTLOOK
    * BGC PARTNERS INC - CONSIDERING A REVERSE STOCK SPLIT OF
BGC
COMMON STOCK, UNITS, AND OTHER SHARE EQUIVALENTS IN Q1 OF 2019
    * BGC PARTNERS INC - PLANS TO NO LONGER REPORT "GRANTS OF
EXCHANGEABILITY TO LIMITED PARTNERSHIP UNITS"
    * BGC PARTNERS INC - EXPECTS TO PAY A DIVIDEND OF
APPROXIMATELY 14
CENTS PER SHARE FOR Q4 OF 2018
    * BGC PARTNERS INC - BEGINNING WITH Q1 OF 2019, COMPANY
EXPECTS TO
SIMPLIFY ITS DEFINITIONS OF ADJUSTED EARNINGS AND ADJUSTED
EBITDA
    * BGC PARTNERS INC - ANTICIPATED CHANGES WILL NOT IMPACT
BGC'S
OUTLOOK FOR Q4 OR RESULTS FOR Q4 OR FULL YEAR 2018

Source text for Eikon:  ID:nPn7s0G8Ka 
Further company coverage:  BGCP.O 

 (Reuters.Briefs@thomsonreuters.com)
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