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FBR Capital Markets Q3 net loss narrows

Posted on: Wed, 21 Oct 2009 09:36:00 EDT

Symbols: FBCM

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Oct 21, 2009 (Datamonitor via COMTEX) --
FBCM | Quote | Chart | News | PowerRating -- FBR Capital Markets has reported a net loss of $6.97 million, or $0.11 per share, for the third quarter ended September 30, 2009, compared to a net loss of $28.56 million, or $0.44 per share, for the third quarter ended September 30, 2008.

For the third quarter of 2009, total revenues were $71.44 million, compared to $50.69 million for the third quarter of 2008.

The company has reported a net loss of $44.88 million, or $0.76 per share, for the first nine months ended September 30, 2009, compared to a net loss of $63.98 million, or $0.99 per share, for the first nine months ended September 30, 2008.

Total revenues decreased to $168.67 million for the first nine months of 2009 from $207.77 million for the comparable period of 2008.

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