AP NEWS

Medallion Financial: 3Q Earnings Snapshot

November 12, 2018

NEW YORK (AP) _ Medallion Financial Corp. (MFIN) on Monday reported a third-quarter loss of $4.7 million, after reporting a profit in the same period a year earlier.

The New York-based company said it had a loss of 19 cents per share.

The business development company posted revenue of $42.6 million in the period. Its adjusted revenue was $33.7 million.

Medallion Financial shares have increased 92 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $6.76, more than doubling 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 MFIN at https://www.zacks.com/ap/MFIN

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