Advertisement

California: News and Insight on Business in the Golden
State | THE STATE

Financial Services

September 16, 1998

* Imperial Credit Industries Inc. said it expects to record a loss for its third quarter ending this month largely because of a number of market-related factors affecting its subsidiaries and affiliates. The Torrance-based company said it expects the loss to fall within $65 million to $75 million, or $1.60 to $1.85 per diluted share. The warning was issued after U.S. markets closed. Shares hit a 52-week low of $6.63 after losing $1.13 on Nasdaq.

Advertisement
Los Angeles Times Articles
|
|
|