Tuesday, July 24, 2007

LaBranche posts wider 2nd-qtr loss, shares fall

(Reuters) - Its net loss for the second quarter was $368.9 million, or $6 a share, compared with a loss of $22.4 million, or 37 cents per share, a year earlier.




Excluding a pre-tax loss of $54.6 million due to the lower value of its NYSE Euronext shares and non-cash charges, the company earned $6.6 million, or 11 cents per share, compared with a loss of $5.3 million, or 9 cents a share, on the same basis in the year-ago quarter. The latest quarter's results also include a tax benefit of $5.1 million.


Read more at Reuters.com Hot Stocks News

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