B. Riley Financial (RILY) shares are cratering on Monday after the company announced the suspension of its dividend. This decision comes in the wake of preliminary second-quarter earnings results, which indicate a substantial net loss between $435 million and $475 million, translating to a loss per share of $14 to $15.
Market Domination co-hosts Julie Hyman and Josh Schafer talk more about B. Riley’s projected losses.
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This post was written by Angel Smith
Read More: B. Riley shares plunge on dividend suspension, Q2 loss
