SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Final Frontier - Online Remote Trading
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: TFF who started this subject4/5/2002 5:46:31 AM
From: supertip   of 12617
 
Knight Trading Puts 1st Quarter Loss At 10c-12c/Share
April 04, 2002 7:30 AM





JERSEY CITY, N.J. -(Dow Jones)- Citing a sharp drop in marketplace volatility, Knight Trading Group Inc. (NITE) warned it expects to post a first quarter loss of 10 cents to 12 cents a share, which is far below the earnings of 10 cents a share Wall Street expected.

The stock and options trading firm said in a press release Thursday the quarter included international expansion costs of 5 cents to 7 cents a share as well as a noncash charge of 3 cents a share for asset writedowns.

Knight Trading said the drop in marketplace volatility limited trading opportunities for market makers.

"Knight's options market-making business was affected by the quarter's lethargic market performance, and we are still seeking the appropriate structure and payment for order flow schedule necessary to maintain our strong position in an increasingly competitive options industry," Interim Chief Executive Anthony Sanfilippo said in the statement.

A Thomson Financial/First Call survey of 11 analysts produced a consensus earnings estimate of 10 cents a share for the quarter ended March 31.

(This story was originally published by Dow Jones
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News