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Fortress Investment loss lessens
Source: Wall Street Journal
Nov 06, 2009


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NEW YORK (MarketWatch) -- Fortress Investment Group said on Friday that its third-quarter loss shrank to $190.3 million, or 43 cents a share from a loss of $267.5 million, or 66 cents a share. The company had revenue of $143.7 million in the quarter, versus $185.1 million a year ago. The company said for the third quarter, fund management distributable earnings was $51 million compared to $63 million in the third quarter of 2008.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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