BUZZ-Virtu Financial rises after Q4 profit beats estimates

Shares of market maker Virtu Financial VIRT.O climb 5.1% to $40.92 premarket

VIRT posts Q4 adjusted profit of $1.14/shr, beating Wall Street expectations of 89 cents/shr - data compiled by LSEG

Q4 total revenue jumps 55.7% to $834.3 mln, driven by strong growth in trading income

Trading income more than doubled to $544 mln for the quarter from a year earlier, thanks to stronger global equities volumes

Q4 was the best quarter since Q1 2022 for Virtu's execution services arm, which houses its trading business

VIRT stock soared 76% in 2024