Tiptree Financial (TIPT) Reports Q2 EPS of $0.17

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Go back to Tiptree Financial (TIPT) Reports Q2 EPS of $0.17

Tiptree Reports Second Quarter 2016 Results

August 5, 2016 4:01 PM EDT

Revenues of $133.8 million for the quarter, up 32.5% from prior year period. Income from continuing operations of $7.0 million for the quarter, up $8.2 million from prior year period. Net income of $6.1 million for the quarter, down 59.3% from prior year period, due largely to income from discontinued operations of $21.0 million including the gain on sale of PFG in 2015. Adjusted EBITDA from continuing operations of $17.4 million for the quarter, up 141.7% from prior year period. Book value of $9.83 per Class A... More