First Marblehead (FMD) Tops Q2 EPS by 33c
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First Marblehead Announces Second Quarter Financial Results
February 9, 2016 4:05 PM ESTMEDFORD, MA -- (Marketwired) -- 02/09/16 -- The First Marblehead Corporation (NYSE: FMD) today announced its financial and operating results for the second quarter of fiscal 2016 as well as the six month period ended December 31, 2015.
For the second quarter of fiscal 2016, the Company recorded a net loss from continuing operations of $4.9 million, or $(0.41) per share, compared to a net loss from continuing operations of $12.9 million, or $(1.12) per share, for the second quarter of fiscal 2015, a 62% improvement. Total expenses for the second quarter of fiscal 2016 were $17.8 million, a $6.3 million, or 26%, improvement compared to total... More
