HC2 Holdings: 3Q Earnings Snapshot
NEW YORK (AP) _ HC2 Holdings Inc. (HCHC) on Wednesday reported third-quarter net income of $153.5 million, after reporting a loss in the same period a year earlier.
The New York-based company said it had net income of $2.97 per share. Earnings, adjusted for non-recurring gains, came to 5 cents per share.
The diversified holding company posted revenue of $501.4 million in the period.
HC2 Holdings shares have dropped nearly 10 percent since the beginning of the year. The stock has increased 3 percent in the last 12 months.