Virtu Financial Shares Down 3.6% Despite Q2 Earnings Beat

Revenues from commissions, net and technology services rose 22% year over year to $153.9 million. The metric beat the Zacks Consensus Estimate and our model estimate of $144.1 million. Interest and dividend income of $128.4 million increased 19.9% year over year and beat the consensus mark and our estimate of $109.4 million. Adjusted EBITDA was $369.4 million, which climbed 69.8% year over year and came higher than our estimate of $234.2 million. Adjusted EBITDA margin improved 860 basis points year over ye ...