StoneX Group Inc. Reports Earnings Results for the Second Quarter and Six Months Ended March 31, 2023
May 03, 2023 at 04:15 pm
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StoneX Group Inc. reported earnings results for the second quarter and six months ended March 31, 2023. For the second quarter, the company reported revenue was USD 16,161 million compared to USD 16,382.7 million a year ago. Net income was USD 41.7 million compared to USD 64 million a year ago. Basic earnings per share from continuing operations was USD 1.3467 compared to USD 2.12 a year ago. Diluted earnings per share from continuing operations was USD 1.3 compared to USD 2.0733 a year ago.
For the six months, revenue was USD 29,172.6 million compared to USD 30,724.1 million a year ago. Net income was USD 118.3 million compared to USD 105.7 million a year ago. Basic earnings per share from continuing operations was USD 3.8467 compared to USD 3.5133 a year ago. Diluted earnings per share from continuing operations was USD 3.7133 compared to USD 3.4333 a year ago.
StoneX Group Inc. operates a global financial services network that connects companies, organizations, traders and investors to the global market ecosystem through digital platforms, end-to-end clearing and execution services, and high touch service. The Company's segments include commercial, institutional, retail and global payments. The Company offers its commercial clients an array of products and services, including risk management and hedging services, execution and clearing of exchange-traded and over-the-counter products. It provides institutional clients with a suite of equity trading services to help them find liquidity with execution, as well as prime brokerage in equities and various foreign currency pairs and swap transactions. The Company provides its retail clients around the world access to over 18,000 global financial markets. Its global payments business provides customized payment, technology and treasury services to banks, commercial businesses, charities and others.
STONEX GROUP INC. 
