BGC Partners (BGCP -5.4%) post-tax distributable earnings of $0.13 is about inline with consensus and off 23.5% from a year ago. Revenue of $471.1M is up 1.3% Y/Y.
77.4M shares repurchased at end of Q2; 45.2M will be issued to partners.
Company anticipates still having about $459M cash remaining from eSpeed sale - will be used to repay debt, make acquisitions, invest in organic growth, or repurchase additional shares.
Q3 revenue outlook of $410M-$440M vs. $445.7M in Q3 2012. Pre-tax earnings of $36M-$46M vs. $46.7M in Q3 2012.
Earlier: Earnings report. (PR)