BUZZ-Investment bank B. Riley rises after Q4 prelim results

Reuters

03-04

BUZZ-Investment bank B. Riley rises after Q4 prelim results

** Shares of investment bank B. Riley Financial RILY.O up 5.6% at $5.70 in extended trade

** RILY announces prelim Q4 results, expects net profit from discontinued operations to be between $48 million and $68 million

** Bank finalized the sale of a majority stake in its liquidation business, Great American, to investment firm Oaktree during Q4

** RILY has been in a turmoil since August when it warned of huge losses over its investment in management-led buyout of Vitamin Shoppe-owner Franchise Group

** "While we recognize we have work to do, we do believe the worst is behind us and remain confident in the future based on the underlying strength of our core businesses," co-CEO Bryant Riley says

** RILY's 2024 annual report is due on March 17

** As of last close, RILY stock up 17.7% YTD

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com))

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Riley rises after Q4 prelim results\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-03-04 05:33</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-Investment bank B. Riley rises after Q4 prelim results</title></head><body><p>** Shares of investment bank B. Riley Financial <span>RILY.O</span> up 5.6% at $5.70 in extended trade</p><p>** RILY announces prelim Q4 results, expects net profit from discontinued operations to be between $48 million and $68 million </p><p>** Bank finalized the sale of a majority stake in its liquidation business, <span>Great American</span>, to investment firm Oaktree during Q4 </p><p>** RILY has been in a turmoil since August when it warned of huge losses over its investment in management-led buyout of <a href=\"https://laohu8.com/S/VSI\">Vitamin Shoppe</a>-owner Franchise Group</p><p>** \"While we recognize we have work to do, we do believe the worst is behind us and remain confident in the future based on the underlying strength of our core businesses,\" co-CEO Bryant Riley says</p><p>** RILY's 2024 annual report is due on March 17</p><p>** As of last close, RILY stock up 17.7% YTD</p><p> (Reporting by Arasu Kannagi Basil in Bengaluru)</p><p> ((ArasuKannagi.Basil@thomsonreuters.com))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4127","symbol_name":"投资银行业与经纪业","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250303:nL3N3PM1J9:1","article_id":"2516669892","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2516669892","pubTimestamp":1741037591,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-Investment bank B. 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