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  • 3Q Results For Ladenburg Thalmann  0 comments
    Dec 1, 2010 8:44 AM | about stocks: LTS
     Ladenburg Thalmann Financial Services Inc. (AMEX: LTS) today announced financial results for the three and nine months ended September 30, 2010.

    Third quarter 2010 revenues were $48.4 million, a 23% increase from revenues of $39.2 million in the third quarter of 2009.

    The Company had a net loss of $3.2 million, or $(0.02) per basic and diluted share, in the third quarter of 2010, compared to a net loss of $3.7 million, or $(0.02) per basic and diluted share, in the comparable 2009 period.

    Third quarter 2010 revenues were $48.4 million, a 23% increase from revenues of $39.2 million in the third quarter of 2009. The Company had a net loss of $3.2 million, or $(0.02) per basic and diluted share, in the third quarter of 2010, compared to a net loss of $3.7 million, or $(0.02) per basic and diluted share, in the comparable 2009 period.

    Ladenburg Thalmann Financial Services (LTS) is engaged in investment banking, equity research, institutional sales and trading, independent brokerage and advisory services, asset management services and trust services through its principal subsidiaries, Ladenburg Thalmann & Co. Inc., Investacorp, Inc., Triad Advisors, Inc., Ladenburg Thalmann Asset Management Inc. and Premier Trust, Inc.

    Ladenburg Thalmann Financial Services (LTS) has a market cap of $223.03 million; its shares were traded at around $1.23 with and P/S ratio of 1.48.

    (LTS) is in the portfolios of Steven Cohen of SAC Capital Advisors. 

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