BUZZ-B Riley extends losses after delay in Q2 results, loss forecast
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Shares of B Riley Financial (RILY) fell 3.2% in early trading, marking a third consecutive session of losses. The investment bank announced a delay in filing its quarterly report and anticipates a net loss of $8 million to $10 million for Q2, compared to a net profit of $4.4 million a year ago. The company's results were impacted by non-cash losses linked to its investment in Franchise Group, which owns Vitamin Shoppe. Year-to-date, RILY shares are down approximately 67%.
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