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Article: Piper Jaffray Companies Announces 2004 First Quarter Results; Net Revenues Up 24 Percent Over Prior Year; Diluted EPS Up 196 Percent.
- Article from:
- PR Newswire
- Article date:
- April 21, 2004
CopyrightCOPYRIGHT 2004 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Piper Jaffray Companies today announced net income of $13.8 million, or $.71 per diluted share, for the quarter ended March 31, 2004 compared to a net loss of $3.3 million, or $0.17 per diluted share in the fourth quarter of 2003, and net income of $4.7 million, or $.24 per diluted share, for the year-ago period. Net revenues for the first quarter were $209.4 million, a 3.8 percent increase over the prior quarter and a 23.8 percent increase over the first quarter of 2003.
"We delivered a solid first quarter as a newly independent public company, growing revenues and expanding margins in both business segments," said Chairman and CEO Andrew S. Duff. "We were ...