FXCM Inc. (NASDAQ:FXCM) announced simultaneous regulatory settlements with the National Futures Association and the Commodity Futures Trading Commission (“CFTC”) against its U.S. subsidiary, Forex Capital Markets LLC and certain of its principals. FXCM Holdings, LLC was also named in the CFTC settlement. The named FXCM entities and principals neither admit nor deny the allegations associated with the settlements. The NFA settlement has no monetary fine, and the CFTC settlement has a $7 million fine. FXCM will be withdrawing from business in the U.S. and has signed a non-binding letter of intent with GAIN Capital Holdings, Inc. (“GAIN”) under which GAIN would purchase FXCM’s U.S. customer accounts. The transaction is subject to regulatory approval and a definitive agreement. FXCM and GAIN are working to determine the timing for the account transfer and expect to provide further information in that regard in the coming days. In 2016, FXCM’s U.S. business had unaudited net revenues of approximately $48 million and generated an EBITDA1 loss, but the costs associated with the business will not be transferring to GAIN. There will be no changes to FXCM customers outside of the United States.
On Wednesday FXCM Inc. (NASDAQ:FXCM) share price closed at $2.90. Company net profit margin stands at -12.60% whereas its return on equity (ROE) is 19.50%. FXCM Inc. (NASDAQ:FXCM) is -83.37% away from its 52 week high and its 52 week range is $2.75 – 17.43.
Level 3 Communications, Inc. (NYSE:LVLT) reported its fourth-quarter financial results Wednesday, the first time since the November announcement of its pending $24 billion stock-and-cash acquisition by Monroe, Louisiana-based CenturyLink Inc. (NYSE: CTL). Level 3 expects it performance to improve in 2017 while it and CenturyLink work to close the deal in the fall, said Jeff Storey, Level 3 president and CEO. The companies are working closely on integration planning well ahead of the closing, he said, and the companies see big promise in combination. Level 3’s fourth-quarter revenue fell slightly to $2.03 billion, down slightly from $2.05 billion in the fourth quarter of 2015. The company’s $250 million fourth-quarter profit was eclipsed by last year’s $3.3 billion fourth-quarter profit, but last year’s results included a one-time tax windfall for the company. Level 3 reported $677 million in full-year 2016 profits, or $1.89 per share, on nearly $8.2 billion in revenue. The revenue was essentially flat compared to 2015, while 2016 profits were far below 2015’s $3.4 billion, or $9.71 per share, that benefitted from the income-tax windfall that year.
Level 3 Communications, Inc. (NYSE:LVLT) traded 2.67 Million shares and its share price fell -1.08% to close at $57.55. Company has 0.50% insider ownership. Level 3 Communications, Inc. (NYSE:LVLT) quarterly performance is 10.82% while its year to date (YTD) performance is 2.11%.
On Wednesday shares of Vical Incorporated (NASDAQ:VICL) ended up at $2.25. This year Company’s Earnings per Share (EPS) growth is 45.80% and next year’s EPS growth is 5.80%. Beta of Vical Incorporated (NASDAQ:VICL) is 2.15 while company weekly performance is 6.13%.
Sensata Technologies Holding N.V. (NYSE:ST) advanced 1.51% to close at $41.61 on 08 February. Its return on assets (ROA) is 4.20% while return on investment (ROI) is 8.30%. Sensata Technologies Holding N.V. (NYSE:ST) price to sales (P/S) ratio is 2.32.