Harbinger Group Inc. (HRG) reported that its second-quarter net loss attributable to common and participating preferred stockholders widened to $45.5 million or $0.33 per share from a loss of $3.9 million or $0.03 per share prior year. The company noted that its second-quarter results include a $39.6 million loss from the change in the fair value of the equity conversion feature of preferred stock.
Total revenues increased to $1.41 billion from $1.11 billion last year. The company said the increase was primarily driven by the HHI acquisition in Consumer Products segment, and to a lesser extent, realized and unrealized gains on derivatives in the Insurance segment, revenues from the new EXCO/HGI Partnership, and new business activity in the Financial Services segment.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.