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BGC Partners updates Q1'18 outlook

BGC Partners Inc. updated its outlook for the quarter ending March 31.

The company expects its revenues and pretax adjusted earnings for the quarter to be above the high end of the range of its previous guidance. Earlier, BGC expected consolidated revenues of $870 million to $920 million and consolidated pretax adjusted earnings before noncontrolling interest in subsidiaries and taxes to be in the range of $140 million and $160 million.

The company's consolidated outlook incorporates real estate services offered through its subsidiary Newmark Group Inc., financial services offered through the company's wholly owned subsidiaries and corporate items.