Emergent Capital posts loss of $13.9 million in 4th quarter
VANCOUVER – VANCOUVER, British Columbia (AP) _ Emergent Capital Inc. (EMG) on Monday reported a fourth-quarter loss of $13.9 million, after reporting a profit in the same period a year earlier.
The Vancouver, British Columbia-based company said it had a loss of 50 cents per share. Losses, adjusted to account for discontinued operations, were 49 cents per share.
The specialty finance company posted revenue of $3.1 million in the period.
For the year, the company reported that its loss widened to $31 million, or $1.25 per share. Revenue was reported as $46.9 million.
In the final minutes of trading on Monday, the company’s shares hit $3.99. A year ago, they were trading at $7.10.
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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 EMG at http://www.zacks.com/ap/EMG
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Keywords: Emergent Capital, Earnings Report
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