NEW YORK (AP) _ Virtu Financial Inc. (VIRT) on Tuesday reported first-quarter net income of $239.4 million.

On a per-share basis, the New York-based company said it had profit of $1.89. Earnings, adjusted for non-recurring costs, came to $2.04 per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.30 per share.

The high-speed trading company posted revenue of $1.01 billion in the period. Its adjusted revenue was $728 million.

Virtu Financial shares have increased 18% since the beginning of the year. The stock has increased 23% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VIRT at https://www.zacks.com/ap/VIRT