Knight Capital +7.7% after big beat and buyback


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

Previously: KCG Holdings beats by $0.14

Shares +7.7% premarket

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