Legg Mason (NYSE:LM) Swings to Loss in Fiscal Q3 on Impairment Charge; Awards $0.11 Quarterly Cash Dividend – LM, MS, GS, GT, CAG, PM, ZQK, RL, BRFS

Legg Mason, Inc (NYSE:LM) declared on Friday that net loss in the fiscal Q3 was $453.9 million or $3.45 a share, evaluated against net income of $28.1 million or $0.20 a share in the same quarter a year ago.

Thomson Reuters 12 analysts’ survey on average forecasted the corporation to announce a loss of $3.23 per share for the three months period. Analysts’ forecasts usually exclude onetime items.

The corporation reported that its results were negatively impacted by the major non-cash impairment charges. Legg Mason reported adjusted income was $91.8 million or $0.70 a share, evaluated against $76.8 million or $0.55 a share in the same period a year earlier.

Also Legg Mason declared that its Board has awarded a quarterly cash dividend on common stock of $0.11 a share.

Its competitors include Morgan Stanley (NYSE:MS) that rose +3.44% to $23.58 with the total traded volume of 12.59 million shares and Goldman Sachs Group, Inc (NYSE:GS) that increased +1.50% to $150.10 with the total traded volume of 1.82 million shares.

Other Consumer Goods stocks with bullish trend include The Goodyear Tire & Rubber Company (NASDAQ:GT) up 0.29% to $13.79, ConAgra Foods, Inc (NYSE:CAG) up +1.04% to $33.02 and Philip Morris International Inc (NYSE:PM) up +0.25% to $88.38, whereas with bearish trend include Quiksilver, Inc (NYSE:ZQK) down -1.07% to $6.47, Ralph Lauren Corp (NYSE:RL) down -2.87% to $161.87 and BRF Brasil Foods SA (ADR) (NYSE:BRFS) down -3.20% to $21.49.

Legg Mason, Inc (NYSE:LM) stock reports on Feb 1, 2013 decreased -3.20% to the trading price of $21.49. Its fifty two week range is $13.61-$22.81. The total market capitalization remained $18.69 billion.

The overall volume in the current trading session is 830,731.00 shares. In its share capital LM has 159.11 million outstanding shares among them 158.51 million shares have been floated in market exchange. LM stock institutional ownership remained 78.63% while insider ownership included 0.05%.

LM is ahead its 52 week low with 17.58% and lagging behind from its 52 week high price with -4.18%. LM last month stock price volatility remained 1.38%. The stock price of LM is moving down from its 20 days moving average with -0.59% and remote positively from 50 days moving average with +1.94%.

LM current year earnings per share experienced a downfall of -57.89% while its current quarter performance remained +10.54%. Company’s beta coefficient included 1.51. Beta factors measures the amount of market risk associated with market trade.

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