JMP: 3Q Earnings Snapshot
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.