AP NEWS

Ladenburg: 3Q Earnings Snapshot

November 7, 2018

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.

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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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