Hill Rogal & Hobbs reported the brokerage saw a slight decline in net income for the first quarter.
The Glen Allen, Va.-based company reported first-quarter net income of $25.2 million, or 69 cents per share, compared with $25.9 million, or 71 cents per share, for the same period last year.
Bear Stearns analyst David Small said the company missed his operating earnings figure by 12 cents and the consensus by 91 cents.
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