11:46 AM EDT, 07/18/2024 (MT Newswires) -- (Updates with stock movement in the headline and first paragraph.)

Virtu Financial ( VIRT ) shares rose 18% in recent Thursday trading after the company reported Q2 normalized adjusted earnings of $0.83 per share, up from $0.37 a year earlier.

Analysts polled by Capital IQ expected $0.60.

Revenue in the quarter ended June 30 rose to $693 million from $506.9 million a year earlier.

Analysts surveyed by Capital IQ expected $331.57 million.

The company maintained its quarterly dividend at $0.24 a share, payable Sept. 15 to shareholders of record Sept. 1.

Price: 27.78, Change: +4.27, Percent Change: +18.16