Compass Point Downgrades First Marblehead (FMD) to Neutral
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First Marblehead Announces Third Quarter Financial Results
May 11, 2015 4:06 PM EDTMEDFORD, MA -- (Marketwired) -- 05/11/15 -- The First Marblehead Corporation (NYSE: FMD) today announced its financial and operating results for the third quarter of fiscal 2015 as well as the nine month period ended March 31, 2015.
For the third quarter of fiscal 2015, the Company recorded a net loss from continuing operations of $7.8 million, or $(0.68) per share, compared to a net loss from continuing operations of $6.9 million, or $(0.61) per share, for the third quarter of fiscal 2014. The increase in the net loss from continuing operations was primarily due to a $781 thousand increase in total expenses,... More
