CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please refer to our Risk Disclosure Statement
Open platformOpen platform

Flow Traders falls to near 2-year low on Q3 big miss

By Reuters News

** Shares in Flow Traders FLOW.AS fall around 10% to their lowest price in almost two years, after its third-quarter results disappointed investors

** The trading firm missed consensus across the board with Q3 total income coming in at €86.4 million ($96.31 million) versus €120.2 million seen in a market consensus

** ING says the firm has gone through a "tough" quarter

** "The miss was partly driven by lower than expected value traded (VT) but was primarily due to much lower than expected revenue capture in EMEA and APAC", analyst Reg Watson writes in a note

** Flow Traders' third-quarter EBITDA missed consensus by nearly 60%

** Up to the previous session's close, shares were down 1.8%​ YTD

($1 = 0.8971 euros)

Capital Com is an execution-only service provider. The present material must be regarded as marketing communication and should not be interpreted as investment research or investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page, then you do so entirely at your own risk