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JMP: 1Q Earnings Snapshot

SAN FRANCISCO (AP) _ JMP Group Inc. (JMP) on Wednesday reported a first-quarter loss of $11.7 million, after reporting a profit in the same period a year earlier.

The company, based in San Francisco, said it had a loss of 60 cents per share. Losses, adjusted for non-recurring costs, were 3 cents per share.

The nvestment banking and asset services company posted revenue of $5.3 million in the period. Its revenue net of interest expense was $5.3 million, which fell short of Street forecasts.

In the final minutes of trading on Wednesday, the company's shares hit $2.53. A year ago, they were trading at $3.97.


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