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JMP reports 1Q loss

SAN FRANCISCO (AP) _ JMP Group Inc. (JMP) on Wednesday reported a first-quarter loss of $4.7 million, after reporting a profit in the same period a year earlier.

The company, based in San Francisco, said it had a loss of 22 cents per share. Losses, adjusted for non-recurring costs, were 9 cents per share.

The nvestment banking and asset services company posted revenue of $24.4 million in the period.

JMP shares have dropped almost 3 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $5.97, a rise of 14 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 JMP at https://www.zacks.com/ap/JMP


Keywords: JMP, Earnings Report