Thursday, April 26, 2007

UPDATE 1-Friedman Billings swings to loss in Q1

(Reuters) - The Arlington, Virginia-based company posted a first-quarter net loss of $185.9 million, or $1.08 a share, compared with after-tax earnings of $26.6 million, or 16 cents a share in the year-ago period.

Analsyts had forecasted FBR to earn 13 cents a share during the quarter, excluding any special items, according to Reuters Estimates.


Read more at Reuters.com Bonds News

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