Aug. 7 at 5:09 PM
$VIRT beats earnings, but why the stock drop? 🤔
Despite a solid 84.3% YoY EPS jump and beating the Zacks Consensus Estimate by 12.5%, shares fell 3.6% post-Q2 results, likely due to elevated expenses 📉. Strong trading activity boosted Market Making and Execution Services revenues, offsetting the negatives.
Dive deeper into VIRT's Q2 performance here 👉 https://www.zacks.com/stock/news/2679258/virtu-financial-shares-down-36-despite-q2-earnings-beat?cid=sm-stocktwits-2-2679258-body-6745&ADID=SYND_STOCKTWITS_TWEET_2_2679258_BODY_6745