Investing.com UK - Financial Markets Worldwide
Get 40% Off
Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Spreadbetting firm Plus500 sees full-year results ahead of market expectations

Published 27/09/2017, 07:39
Updated 27/09/2017, 07:50
© Reuters. Spreadbetting firm Plus500 sees full-year results ahead of market expectations

(Reuters) - British spreadbetting firm Plus500 Ltd (L:PLUSP) said on Wednesday that full-year revenue and profits would be ahead of market expectations.

Analysts expect revenue of $335.72 million, with core earnings of $184 million for the year ending Dec. 31, according to Thomson Reuters I/B/E/S. Plus500 reported revenue of $327.9 million and core earnings of $151 million in 2016.

The company, which provides an online trading platform for retail customers to trade contracts for differences (CFDs), doubled its first-half 2017 core earnings and said in August that 2017 results would significantly exceed its expectations.

CFDs allow people to bet on moves in share prices without having to buy the underlying stock. However, regulators have been moving to tighten controls on the fast-growing 3.5 billion pound ($4.70 billion) spreadbetting industry.

Plus500, whose rivals include CMC Markets (L:CMCX) and IG Group (L:IGG), is scheduled to report third quarter results on Oct. 31.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.