Canaccord Financial Posts FQ4 Net Loss

Canaccord Financial Inc CCORF posted a net loss in the fiscal fourth quarter. Canaccord Financial posted a quarterly net loss of C$31.8 million, or 42 Canadian cents per share, versus a year-ago profit of C$41.3 million, or 49 Canadian cents per share. Excluding one-time items, Canaccord Financial earned C$2.1 million, or 2 Canadian cents per share, versus a year-earlier profit of C$42.3 million, or 50 Canadian cents per share.