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Ladenburg: 2Q Earnings Snapshot

August 8, 2019

MIAMI (AP) _ Ladenburg Thalmann Financial Services Inc. (LTS) on Thursday reported net income of $7.5 million in its second quarter.

The company, based in Miami, said it had a loss of 1 cent per share.

The banking and brokerage company posted revenue of $363.6 million in the period. Its revenue net of interest expense was $363.6 million, topping Street forecasts.

The company’s shares closed at $2.70. A year ago, they were trading at $3.41.

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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 LTS at https://www.zacks.com/ap/LTS

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