A-Mark Precious Metals reports Q3 EPS (36c) vs. 21c last year

Reports Q3 revenue $3.01B, consensus $2.66B. “During the third quarter, we navigated through volatile market conditions that directly impacted our results,” said A-Mark CEO Greg Roberts. “Although the environment has since stabilized, early-quarter concerns around tariffs led to decreased market liquidity and backwardation, contributing to trading losses and higher interest expense due to increases in product financing rates. Despite these headwinds, one-time acquisition-related costs of $4.6 million and a one-time remeasurement loss of $7.0 million on our Pinehurst Coin Exchange, Inc. (“Pinehurst”) pre-existing equity interest, we delivered $41.0 million in gross profit, $5.7 million in non-GAAP adjusted net income and $1.3 million in non-GAAP EBITDA.”