Medallion Financial: 2Q Earnings Snapshot
NEW YORK (AP) _ Medallion Financial Corp. (MFIN) on Monday reported a loss of $7.5 million in its second quarter.
The New York-based company said it had a loss of 31 cents per share.
The business development company posted revenue of $33.7 million in the period. Its adjusted revenue was $24.9 million.
In the final minutes of trading on Monday, the company’s shares hit $5. A year ago, they were trading at $5.54.