SAN FRANCISCO (AP) _ JMP Group Inc. (JMP) on Wednesday reported a loss of $203,000 in its fourth quarter.
The San Francisco-based company said it had a loss of 1 cent per share. Earnings, adjusted for non-recurring costs, were 12 cents per share.
The nvestment banking and asset services company posted revenue of $31.7 million in the period. Its revenue net of interest expense was $31.7 million, surpassing Street forecasts.
For the year, the company reported that its loss narrowed to $2.2 million, or 10 cents per share. Revenue was reported as $136.4 million.
In the final minutes of trading on Wednesday, the company's shares hit $4.35. A year ago, they were trading at $5.50.