Kingsway Financial: Q1 Earnings Snapshot
CHICAGO — CHICAGO — Kingsway Financial Services Inc. (KFS) on Thursday reported a loss of $3.2 million in its first quarter.
The Chicago-based company said it had a loss of 13 cents per share.
The merchant bank posted revenue of $28.3 million in the period.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KFS at https://www.zacks.com/ap/KFS
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
E&E News
2 hours ago
- E&E News
Trump energy adviser slams renewables, says focus is on fossil fuels
President Donald Trump is a fan of fossil fuels who is determined to boost oil and gas and turn away from renewables — regardless of what some energy executives, fellow Republicans or even Elon Musk have to say on the matter, one of his top energy advisers said Tuesday. 'What I would say is the president is in charge,' said Jarrod Agen, a deputy assistant to the president and executive director of the White House's National Energy Dominance Council, at POLITICO's annual Energy Summit. 'The last thing we want is in the short term to have any problems with the grid,' he added. Advertisement Trump believes that fossil fuels got a 'bad deal' under former President Joe Biden, and the current administration will continue to double down on traditional energy, Agen said. That is despite economic uncertainty brought on during Trump's term that has roiled energy markets.
E&E News
2 hours ago
- E&E News
Trump to sign repeal of California car rules Thursday
President Donald Trump plans to sign a trio of resolutions Thursday to revoke California's nation-leading vehicle emissions standards. Sen. Shelley Moore Capito ( author of a resolution to nix the state's electric vehicle sales mandate via the Congressional Review Act, and Rep. Kevin Kiley (R-Calif.) confirmed the White House has scheduled the signings at 11 a.m. Thursday. Trump's signature will finalize his administration's monthslong effort to thwart California's authority to set stricter electrification rules for passenger vehicles and commercial trucks, along with higher standards for heavy-duty diesel engines. Advertisement Trump's EPA revoked an earlier version of California's vehicle emissions rules through an 18-month regulatory process during his first term, but Republicans' vote last month to expedite the rollback through Congress marked the first time waiver approvals have been considered subject to the CRA since President Bill Clinton signed the law in 1996.
E&E News
2 hours ago
- E&E News
Energy secretary is forced to defend Trump's Empire Wind rescue
Energy Secretary Chris Wright was thrust into the uncomfortable position of defending the Trump administration's decision to save a New York offshore wind project that it had pushed to the brink of collapse. Wright was pressed about the rationale for lifting a stop-work order on Empire Wind 1 during an interview Monday with Fox News anchor Martha MacCallum. The Energy secretary is an unlikely defender of the decision. A former oil executive, he has repeatedly criticized wind and solar as electricity sources since taking over the department. He also has limited authority over offshore wind development, which is located almost exclusively in federal waters and is regulated by the Interior Department. Yet his comments offer the most detailed explanation to date about the administration's move to reverse the order that had halted construction on the project in mid-April. Advertisement 'The global record of offshore wind has been a train wreck. It's just been very expensive electricity and intermittent electricity has driven prices up. But Empire Wind's a trickier issue because it's well under construction and billions have already been spent. So it's tricky what to do with midstream projects,' Wright said. 'More important for New York by far is to build the Constitution and the NESE [Northeast Energy Supply Enhancement] pipelines that can bring lower cost, cleaner energy to New Yorkers, lower the cost of home heating, lower the cost of electricity.'
