Intl Fcstone (INTL) has reported 24.14 percent fall in profit for the quarter ended Mar. 31, 2017. The company has earned $11 million, or $0.58 a share in the quarter, compared with $14.50 million, or $0.76 a share for the same period last year.     

Revenue during the quarter grew 9.74 percent to $123.90 million from $112.90 million in the previous year period. Total expenses were 75.38 percent of quarterly revenues, up from 70.86 percent for the same period last year. That has resulted in a contraction of 452 basis points in operating margin to 24.62 percent.

Sean M. O’Connor, chief executive officer of INTL FCStone Inc., stated "Despite historic low levels of volatility in our markets during the quarter, we achieved net earnings of $0.58 per share. This is below our medium term expectations, but above net earnings in the prior year quarter as well as the immediately preceding 1st quarter when mark to market movements of our corporate interest rate program are excluded. Income in all of our segments improved versus the prior year with the exception of our Securities segment which was down 36%, coming off a strong prior year’s quarter, when it saw record results in market making and significant gains out of Argentina. Commercial Hedging segment net income was up 36% due to improved OTC revenues, Global Payments’ segment income was up 26% on strong volume growth tempered by reduced margins as global and domestic banks increased their flow of smaller payments through us. Our Physical Commodities segment’s income was up 105% due primarily to a 26% increase in the number of ounces of precious metals traded and business expansion in our Physical Ag & Energy businesses. Clearing and Execution Services segment income grew as a result of increased operating revenues in our Exchange-traded Futures & Options business as well as the acquisition of the Correspondent Clearing, Independent Wealth Management and Derivative Voice Brokerage businesses."