Canaccord Capital Inc. Reports Fiscal Third Quarter Results.
PR Newswire Europe, February, 2008
VANCOUVER, Canada, February 7 /PRNewswire/ --
- All Dollar Amounts are Stated in Canadian Dollars Unless Otherwise Indicated
Canaccord Capital Inc.'s (TSX & AIM: CCI) revenue for the three months ended December 31, 2007 was $183.3 million, up 2.8% from the same quarter a year ago. Net income for the same period was $15.0 million, down 36.5% and diluted earnings per share (EPS) were $0.31,A down 36.7% from the same period a year ago. Included in these results is the third party asset- backed commercial paper (ABCP) fair value adjustment of $4.2A million. Excluding the ABCP fair value adjustment, net income for the quarter was $ 17.8 million, down 24.7% from the same period a year ago and EPS were $0.36 , down 26.5%. Commenting on the quarter,...
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