LaBranche & Co. Inc, holding company, reported that it swung to a Q2 loss of 37 cents a share, from year-ago net income of 14 cents a share. Revenue fell to $53.2 million from $77.7 million. Included in the revenue figure was a pre-tax loss of approximately $30.3 million in connection with the decline of the estimated fair value of the restricted shares of NYSE Group, Inc. common stock held by LaBranche. |
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