Virtu Financial Inc. Q1 adjusted earnings Beat Estimates

(RTTNews) - Virtu Financial Inc. (VIRT) reported earnings for its first quarter that rose from last year.

The company's profit came in at $410.02 million, or $1.86 per share. This compares with $23.88 million, or $0.10 per share, in last year's first quarter.

Excluding items, Virtu Financial Inc. reported adjusted earnings of $144.97 million or $0.76 per share for the period.

Analysts had expected the company to earn $0.61 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 81.9% to $147.29 million from $815.05 million last year.

Virtu Financial Inc. earnings at a glance:

-Earnings (Q1): $144.97 Mln. vs. $21.98 Mln. last year. -EPS (Q1): $0.76 vs. $0.16 last year. -Analysts Estimate: $0.61 -Revenue (Q1): $147.29 Mln vs. $815.05 Mln last year.