Ladenburg: 3Q Earnings Snapshot
MIAMI (AP) _ Ladenburg Thalmann Financial Services Inc. (LTS) on Friday reported net income of $11.4 million in its third quarter.
The Miami-based company said it had earnings of 2 cents per share.
The banking and brokerage company posted revenue of $374.5 million in the period. Its revenue net of interest expense was $374.5 million, topping Street forecasts.
The company’s shares closed at $2.79. A year ago, they were trading at $3.