National Holdings Corporation Reports Financial Results for the Fiscal First Quarter 2020
NATIONAL HOLDINGS CORP (NHLD)
US:NASDAQ Investor Relations:
nhldcorp.com
Company Research
Source: GlobeNewswire
NEW YORK, Feb. 14, 2020 (GLOBE NEWSWIRE) -- National Holdings Corporation (NASDAQ: NHLD) (“National” or the “Company”), a leading full service independent brokerage, investment banking, tax and asset management firm, today announced its financial results for the fiscal first quarter of 2020. Financial Highlights: Revenue of $51.2 million versus $58.1 million recorded in the fiscal 2019 first quarter.The brokerage business produced $26.3 million in revenue, a 6% increase from the $24.7 million recorded in the fiscal 2019 first quarter.Investment advisory revenue increased to $7.4 million, up 26% from $5.9 million in the fiscal 2019 first quarter.Total expenses were down $3.3 million in the current fiscal quarter to $53.5 million from $56.8 million in the fiscal 2019 first quarter.A loss before other income and income taxes of $2.3 million versus income of $1.3 million in the fiscal 2019 first quarter.Net loss attributable to common shareholders of $1.6 million compared to net incom
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