LOS ANGELES (AP) _ B. Riley Financial Inc. (RILY) on Monday reported first-quarter net income of $254.7 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Los Angeles-based company said it had profit of $8.81. Earnings, adjusted for one-time gains and costs, came to $9.19 per share.

The financial services firm posted revenue of $600.2 million in the period.

B. Riley Financial shares have increased 62% since the beginning of the year. In the final minutes of trading on Monday, shares hit $71.59, nearly quadrupling in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RILY at https://www.zacks.com/ap/RILY

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