Knight Capital 1Q profit up on global markets business

The financial services company reported net income climbed to $32.5 million, or 35 cents per share, compared with $31.9 million, or 31 cents per share, a year earlier.

Analysts polled by Thomson Financial predicted earnings of 30 cents per share.

Revenue for the period ended March 31 slipped to $224.9 million, down 7 percent from $241.7 million in the previous year.

The results surpassed Wall Street's estimate of $209.2 million.

Revenue for the global markets segment climbed to $218.8 million from $172.6 million.

Asset management fees generated by Deephaven Capital Management plunged to $15.2 million from $60.7 million.