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B. Riley Financial posts 4Q profit

WOODLAND HILLS, Calif. (AP) _ B. Riley Financial Inc. (RILY) on Thursday reported fourth-quarter net income of $12.4 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Woodland Hills, California-based company said it had profit of 64 cents. Earnings, adjusted for one-time gains and costs, were 76 cents per share.

The financial services firm posted revenue of $93.2 million in the period.

For the year, the company reported profit of $21.5 million, or $1.17 per share. Revenue was reported as $190.4 million.

B. Riley Financial shares have decreased 23 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $14.15, an increase of 47 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RILY at https://www.zacks.com/ap/RILY


Keywords: B. Riley Financial, Earnings Report