FBR Capital Markets Q4 loss widens

Pre-tax core operating loss on a non-GAAP basis was $21.8 million for the fourth quarter of 2008, compared to a pre-tax core operating loss on a non-GAAP basis of $24.7 million for the fourth quarter of 2007.

For the fourth quarter of 2008, net revenue before net investment loss was $47.8 million compared to $69.4 million in the fourth quarter of 2007.

For the year ended December 31, 2008, FBR Capital Markets has reported a net loss of $194.73 million after tax, or $3.09 per diluted share, compared to net after-tax earnings of $5.24 million, or $0.08 per diluted share, in 2007.

Pre-tax core operating loss on a non-GAAP basis was $78.41 million for the year 2008, compared to a pre-tax core operating income on a non-GAAP basis of $49.82 million for the year 2007.

For the 2008 fiscal year, net revenue before net investment loss was $263.2 million compared to $484.1 million in 2007.

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