Tuesday, April 24, 2007

UPDATE 1-LaBranche reports quarterly loss as revenue slumps

(Reuters) - New York-based LaBranche posted a net loss of $5.6 million, or 9 cents a share, compared with net income of $112.3 million, or $1.83 a share, a year earlier.

Excluding a $4.2 million pretax loss related to the decline in fair value of the company's stake in NYSE Euronext , the loss was $3.2 million, or 5 cents per diluted share.


Read more at Reuters.com Market News

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