Ladenburg: 3Q Earnings Snapshot
MIAMI (AP) _ Ladenburg Thalmann Financial Services Inc. (LTS) on Wednesday reported third-quarter net income of $9.4 million, after reporting a loss in the same period a year earlier.
The company, based in Miami, said it had break-even earnings on a per-share basis.
The banking and brokerage company posted revenue of $348.9 million in the period. Its revenue net of interest expense was $348.9 million, which beat Street forecasts.
The company’s shares closed at $3.01. A year ago, they were trading at $3.21.