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Article: First Albany Reports First Quarter 2003 Results; Consolidated Net Revenues Grow 19% Over Prior Year Quarter.
- Article from:
- Business Wire
- Article date:
- April 17, 2003
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Business Editors
ALBANY, N.Y.--(BUSINESS WIRE)--April 17, 2003
First Albany Companies Inc. (NASDAQ: FACT) today reported its financial results for the first quarter ended March 31, 2003.
For the quarter, consolidated net revenues for First Albany Companies was $45.7 million, compared to $38.3 million for the same period in 2002, an increase of 19%. The Company reported consolidated net income of $2.2 million for the first quarter 2003, compared to a net loss of ($2.0) million for the same period in 2002. First quarter 2003 net income was $0.21 per diluted share compared to a net loss of ($0.21) per diluted share in the first quarter of 2002.
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