JMP: 3Q Earnings Snapshot

October 23, 2019 GMT

SAN FRANCISCO (AP) _ JMP Group Inc. (JMP) on Wednesday reported a loss of $4.1 million in its third quarter.

The San Francisco-based company said it had a loss of 21 cents per share. Losses, adjusted for non-recurring costs, came to 10 cents per share.

The nvestment banking and asset services company posted revenue of $21 million in the period. Its revenue net of interest expense was $21 million, which did not meet Street forecasts.

In the final minutes of trading on Wednesday, the company’s shares hit $3.35. A year ago, they were trading at $5.07.


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