Harbinger Group Q2 Loss Widens, Revenue Falls - Quick Facts

(RTTNews) - Harbinger Group Inc. (HRG) said second-quarter net loss attributable to common and participating preferred stockholders widened to $87.6 million or $0.63 per common share from $45.5 million or $0.33 per common share in the prior year.

Total revenues fell 5 percent to $1.341 billion from $1.411 billion in the priro year.

Philip Falcone, HGI Chairman and CEO, said, "HGI achieved excellent results this quarter, with increased revenue in both the quarter and year-to-date across all of our operating segments except Insurance, where we came up against a very difficult comparison to 2013 because of the substantial gains we realized this time last year after they repositioned their investment portfolio.''