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Article: FBR Capital Markets Reports First Quarter Results.
- Article from:
- PR Newswire
- Article date:
- April 23, 2008
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ARLINGTON, Va., April 23 /PRNewswire-FirstCall/ -- FBR Capital Markets Corporation (FBR Capital Markets) today reported a net after-tax loss of $10.2 million, or $0.16 per share (diluted), for the quarter ended March 31, 2008, compared to net after-tax income of $11.0 million, or $0.17 per share (diluted), in the first quarter of 2007.
Net revenues for the first quarter were $104.0 million compared to net revenues of $60.7 million in the fourth quarter of 2007 and $143.2 million in first quarter of 2007.
The first quarter results include expenses and charges -- primarily severance costs, business development expenses, and a non-cash tax charge relating ...