Wall Street not impressed with FXCM’s Q3


FXCM shares traded down 13% on Thursday after the company reported its results for the third quarter. (And this on a day when the Dow Jones Industrial Average was up nearly 1%).

FXCM shares now sit at $9.96, or 29% below FXCM’s IPO price of $14 per share last December.

Reasons given by those covering the company on Wall Street for the less-than-enthusiastic response to FXCM’s Q3 include:

  • although decent, results were below analysts’ expectations for net profit in the quarter.
  • negative guidance going foward.
  • weak number of accounts added.
  • commentary about expenses on the company’s investor conference call.
 

 

Related News

arrow

Wall Street not impressed with FXCM's Q3

0

Send this to a friend

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: