- Revenue of $383.7M up 19% Q/Q, with non-GAAP pre-tax income of 57.6M up from $19.8M. Market Making revenue of $277.3M is up 19% Q/Q, with pre-tax income of $76M up 59%.
- With $185M of principal repayment during Q1, and another $50M since, KCG pays off and terminates its credit facility.
- Tangible book value per share of $10.85.
- Company announces $150M buyback program.
- CC at 9 ET
- Source: Press Release
- Previously: KCG Holdings beats by $0.14
- Shares +7.7% premarket