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BGC Partners updates Q1 outlook

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BGC Partners updates Q1 outlook

BGC Partners Inc.said March 31 that it expects its quarterly revenues for distributable earningsand for its pretax distributable earnings to be toward the midpoint of the rangeof its previously stated guidancefor the first quarter.

The company anticipated first-quarter distributable earningsrevenues to increase by between approximately 13% and 21% and to be between $635million and $680 million. BGC Partners also expected first-quarter pretax distributableearnings to increase by between approximately 6% and 26% and to be in the rangeof $80 million to $95 million.