GAIN Capital -9.8% after reporting slow Q2; Q1 restated higher

|About: GAIN Capital Holdings, Inc. (GCAP)|By:, SA News Editor

Net loss of $5.2M or $0.13 per share vs. income of $17.2M and $0.44 one year ago. Adjusted EBITDA loss of $1.6M vs. gain of $26.9M a year ago.

Retail OTC trading volume of $522.2B up 13% Y/Y. Institutional trading volume of $1.3T up 27%. Average daily futures contracts of 26,322 up 19%. Total client assets of $840M up 76%.

Retail OTC segment revenue of $36.4M vs. $57.5M a year ago as FX volatility vanished. "Difficult trading conditions persist with currency volatility at levels not seen in over ten years."

Institutional sales and trading segment revenue of $23.5M vs. $7.8M.

Futures segment revenue of $8.9M vs. $6.4M.

Q1 earnings are restated to include $4.2M of additional revenue, with the net effect of boosting pre-tax earnings by $3M and EPS by $0.05 (see pg. 10 of investor presentation).

Conference call at 5 ET

Previously: GAIN Capital Holdings misses by $0.19, beats on revenue

GCAP -9.8% AH

This was corrected on 08/12/2014 at 09:35 AM. The ticker for Gain Capital was originally incorrectly posted as GAIN.