(Reuters) - Net income was $361.7 million, or $2.52 a share, for the fiscal second quarter ended May 31, compared with $539.3 million, or $3.72 a share, a year earlier.
Excluding a non-cash charge of $227 million, or 88 cents a share, related to the write-down of intangible assets linked to its Bear Wagner Specialists unit, earnings were $3.40 a share. On that basis, analysts on average had forecast $3.49 a share, according to Reuters Estimates.
Read more at Reuters.com Market News
Excluding a non-cash charge of $227 million, or 88 cents a share, related to the write-down of intangible assets linked to its Bear Wagner Specialists unit, earnings were $3.40 a share. On that basis, analysts on average had forecast $3.49 a share, according to Reuters Estimates.
Read more at Reuters.com Market News
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