First Marblehead (FMD) Tops Q1 EPS by 13c

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Go back to First Marblehead (FMD) Tops Q1 EPS by 13c

First Marblehead Announces First Quarter Financial Results

November 9, 2015 4:05 PM EST

MEDFORD, MA -- (Marketwired) -- 11/09/15 -- The First Marblehead Corporation (NYSE: FMD) today announced its financial and operating results for the first quarter of fiscal 2016.

For the first quarter of fiscal 2016, the Company recorded a net loss from continuing operations of $6.1 million, or $(0.53) per share, compared to a net loss from continuing operations of $10.5 million, or $(0.92) per share, for the first quarter of fiscal 2015, a 42% improvement. Revenues for the first quarter of fiscal 2016 increased $2.4 million, or 17%, to $16.5 million as compared to the first quarter of fiscal 2015. The increase in revenues included an increase... More