News

Emergent Capital posts loss of $7.5 million in first quarter

VANCOUVER – VANCOUVER, British Columbia (AP) _ Emergent Capital Inc. (EMG) on Monday reported a loss of $7.5 million in its first quarter.

The Vancouver, British Columbia-based company said it had a loss of 27 cents per share.

The specialty finance company posted revenue of $8.5 million in the period.

In the final minutes of trading on Monday, the company’s shares hit $4.13. A year ago, they were trading at $6.40.

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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 EMG at http://www.zacks.com/ap/EMG

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Keywords: Emergent Capital, Earnings Report