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Ladenburg: 3Q Earnings Snapshot

November 8, 2019 GMT

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.


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