(Recasts, adds details)
Jan 31 (Reuters) - Investment Technology Group’s (ITG.N: Quote, Profile, Research), a
brokerage and trading technology provider, quarterly profit
rose 36 percent, topping Wall Street view, boosted by strong
revenue from international markets.
Shares of the company rose 7 percent to $48.50 in trading
before the bell. The stock has fallen slightly over 5 percent
since the beginning of the year before Thursday’s change.
The New York-based company said net income for the fourth
quarter was $30.0 million, or 68 cents a share, compared to
$22.1 million, or 49 cents per share, a year earlier.
Revenue rose 28 percent to $196.6 million.
Analysts were expecting ITG to post earnings of 62 cents
per share on revenue of $182.4 million, according to Reuters
Estimates.
