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Stock impact report

Oppenheimer Holdings Inc. Reports Second Quarter 2018 Earnings and Announces Quarterly Dividend

Oppenheimer Holdings, Inc. Class A (DE) (OPY) 
US:NYSE Investor Relations: opco.com/investor-relations/index.aspx
Company Research Source: PR Newswire
NEW YORK, July 27, 2018 /PRNewswire/ - Oppenheimer Holdings Inc. (NYSE: OPY) today reported net income of $8.9 million or $0.67 basic net income per share for the second quarter of 2018 compared with a net loss of $1.3 million or $0.10 basic net loss per share for the second quarter of 2017.  Income before income taxes from continuing operations was $12.5 million for the second quarter of 2018 compared with a loss before income taxes from continuing operations of $1.6 million for the second quarter of 2017.  Revenue from continuing operations for the second quarter of 2018 was $242.6 million compared with revenue from continuing operations of $215.9 million for the second quarter of 2017, an increase of 12.4%.Summary Operating Results (Unaudited)('000s, except Per Share Amounts)For the 3-Months EndedFor the 6-Months Ended6/30/20186/30/2017% Change6/30/20186/30/2017%ChangeRevenue$242,556$215,88412.4$477,086$429,14511.2Expenses230,055217,5215.8454,960437,8073.9 Show less Read more
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