B. Riley Financial Guides Q4, FY22 Operating Adjusted EBITDA
(RTTNews) - Financial services platform B. Riley Financial, Inc. (RILY) on Tuesday released fourth quarter guidance for Operating Adjusted EBITDA in the range of $90 million to $100 million. For the full year 2022, the Company estimates Operating Adjusted EBITDA in the range of $355 million to $365 million.
The Company estimates investment losses in the range of $125 million to $150 million for the fourth quarter of 2022, and $405 million to $430 million for the full year 2022. Estimated mark-to-market investment losses reflect continued softness in small cap markets.
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South Korea Inflation Data On Tap For Wednesday
South Korea will on Wednesday release January numbers for consumer prices, highlighting a modest day for Asia-Pacific economic activity. Inflation is expected to increase 0.4 percent on month and 2.0 percent on year after rising 0.4 percent on month and 1.9 percent on year in December.
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TSX Ends Marginally Up
Canadian markets closed marginally up on Tuesday as trade concerns eased a bit after the U.S. administration decided to pause tariffs on Canadian goods for about a month.
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Australia Services PMI Improves To 51.2 - S&P Global
The services sector in Australia continued to expand in January, and at a faster pace, the latest survey from S&P Global revealed on Wednesday with a services PMI score of 51.2.
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New Zealand Jobless Rate Climbs To 5.1% In Q4
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Canadian Market Moderately Higher, Looks Set To End Session On Firm Note
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U.S. Dollar Lower As Tariff Worries Ease
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Swiss Market Settles Moderately Lower
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European Stocks Close Higher As Trump Delays Tariffs On Canada, Mexico
As worries about U.S. tariffs eased following U.S. President Donald Trump's decision to delay levies on Canada and Mexico, investors shifted their focus on quarterly earnings, and most of the markets across Europe had a positive session on Tuesday.
Trump's decision to hold off tariff imposition on Canada and Mexico has raised some hopes that the U.K. and the EU will likely avoid duties.
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