First Albany Reports Third Quarter 2003 Results; Equity Capital Markets Posts 60% Net Revenue Growth.

Business Wire › October 17, 2003

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First Albany Reports Third Quarter 2003 Results; Equity Capital Markets Posts 60% Net Revenue Growth.

Business Editors

ALBANY, N.Y.--(BUSINESS WIRE)--Oct. 17, 2003

First Albany Companies Inc. (Nasdaq:FACT) today reported its financial results for the third quarter ended September 30, 2003.

For the quarter, consolidated net revenues from continuing operations for First Albany Companies were $44.3 million, compared to $45.0 million for the same period in 2002, a decrease of 1.6%. The Company reported consolidated net income from continuing operations of $2.8 million for the third quarter 2003, compared to a net loss from continuing operations of $0.5 million for the same period in 2002. Third quarter 2003 net income per diluted share from continuing operations wa...

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