Friedman, Billings & Ramsey (FBR) Message Board

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Non-Tech : Friedman, Billings & Ramsey (FBR)

FBR 17.01

-2.2%

Jan 3 4:00 PM EST

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To: Paul Lee who wrote (147)	1/13/2000 12:40:00 PM
From: Mr. Stress	Read Replies (1) of 173

Thursday January 13, 8:49 am Eastern Time Friedman sees quarterly profit on Web investsments ARLINGTON, Va., Jan 13 (Reuters) - Regional investment bank Friedman Billings Ramsey Group Inc. (NYSE:FBR - news) said on Thursday it expected a sizable fourth-quarter profit due to fees from helping Internet companies raise money from private investors or go public. Friedman, based in the Washington suburb of Arlington, said it would earn 18 to 21 cents a share, or $9 million-$10 million, on revenues of $67 million-$71 million in the fourth quarter. The two securities analysts following the firm had predicted a loss of 2 cents per share, according to market research firm First Call/Thomson Financial.

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