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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Canadian Market Moderately Higher, Looks Set To End Session On Firm Note
The Canadian market is up firmly in positive territory Tuesday afternoon as investors pick up stocks from across several sectors following U.S. President Donald Trump deciding to delay levies on Canadian imports for a month.
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5h 19min ago
U.S. Dollar Lower As Tariff Worries Ease
The U.S. dollar weakened against its major counterparts in the New York session on Tuesday, as President Donald Trump paused trade tariffs on Mexico and Canada for a month.
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6h 15min ago
Swiss Market Settles Moderately Lower
Save for a very brief while at the start, the Switzerland market languished in negative territory on Tuesday with investors largely staying cautious and making stock specific moves.
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6h 53min ago
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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7h 6min ago
U.S. Factory Orders Slump More Than Expected In December
Reflecting a steep drop by orders for transportation equipment, the Commerce Department released a report on Tuesday showing new orders for U.S. manufactured goods decreased by more than expected in the month of December. The Commerce Department said factory orders slumped by 0.9 percent in December after sliding by a downwardly revised 0.8 percent in November.
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9h 18min ago
U.S. Job Openings Pull Back Much More Than Expected In December
The Labor Department released a report on Tuesday showing job openings U.S. fell by much more than expected in the month of December. The report said job openings tumbled to 7.6 million in December after climbing to an upwardly revised 8.2 million in November. Economists had expected job openings to dip to 8.0 million from the 8.1 million originally reported for the previous month.
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9h 35min ago
UBS Turns To Profit In Q4, Hikes Dividend, Plans $3 Bln Buyback; But Stock Down
Swiss banking major UBS Group AG reported Tuesday a profit in its fourth quarter, compared to prior year's loss, benefited by increased revenues. The company also raised its dividend, and announced up to $3 billion share buyback program. Meanwhile, the shares were losing around 5 percent in the trading in Switzerland, as well as around 6 percent in pre-market activity on the NYSE.
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11h 6min ago
CTS Guides FY25 Below Estimates - Update
While reporting financial results for the fourth quarter on Tuesday, CTS Corp. (CTS) initiated its adjusted earnings and sales guidance for the full-year 2025.
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11h 29min ago
