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MMA Capital Management: 2Q Earnings Snapshot

BALTIMORE (AP) _ MMA Capital Management LLC (MMAC) on Thursday reported second-quarter earnings of $2.8 million.

On a per-share basis, the Baltimore-based company said it had net income of 42 cents. Earnings, adjusted to account for discontinued operations, were 32 cents per share.

The investment firm posted revenue of $4.2 million in the period. Its adjusted revenue was $3.5 million.

MMA Capital Management shares have increased 13 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $27.50, a rise of 12 percent in the last 12 months.

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