Gain Capital reports $9 million Q2 loss…. and shares rise 5%

Wall Street can be a very strange and fickle place.

After disappointing investors with a Q2 loss of $9 million, it looks like traders chose to focus on revenue growth at Gain Capital Holdings Inc (NYSE:GCAP), sending its shares up more than 5% in Thursday action.

Gain attributed its loss to ‘unusually adverse trading conditions across indices, which resulted in approximately $20 million lower than normal net revenue for the quarter.’

Q2 represents Gain’s first quarter as the new owner of UK-based City Index, which was formally folded into Gain at the beginning of April. City Index’s presence may have hit the bottom line, but helped Gain report quarterly revenues of $111.6 million – more than 20% above Q1 and Gain’s second best ever result for revenues.

Gain Capital shares still have a long way to go to make up lost ground, having dropped more than 20% in value over the past month.

To see Gain Capital’s press release on Q2 results click here.

Related News


Gain Capital reports $9 million Q2 loss.... and shares rise 5%


Send this to a friend

Subscribe to LeapRate
Fill out the form below for more information
for lising in LeapRate's Forex Yellow Pages

Please enter the company name, email address to reach you and phone # (optional):

Please fill out the message field to the right for any questions or special inquiry: