BGC Group Reaffirms Q3 Outlook

MT newswire2026/09/28 12:57

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08:57 AM EDT, 09/28/2026 (MT Newswires) -- BGC Group (BGC) on Monday reaffirmed its guidance for Q3 adjusted earnings and revenue. The company said it still expects adjusted earnings of $172 million to $190 million. Analysts polled by FactSet expect $188 million. Revenue for the quarter is projected to be $775 million to $835 million. Analysts are looking for $918.9 million.

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Michael Burry suggested that the AI bubble could burst as early as next summer and has replaced all his short positions on Micron, Nebius, SOXX semiconductor ETF, and Palantir with put options to obtain lower cost and higher leveraged short exposure. He believes the AI boom is built on the unproven assumption of "sustained capital expenditure," and once revenues disappoint, capital will quickly flee.

华尔街见闻•2026/09/29 04:01