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Sector Update: Financial

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Financial shares were fairly flat in pre-market trade Thursday ahead of the weekly labor market report and after closing higher on Wednesday.

In financial stocks news, China Housing & Land Development ( CHLN ) says Q2 sales were $44.1 million, down from $57.8 million a year ago.

Net loss was $0.20 per share, down from a profit of $0.17 a year earlier.

Total contract sales for Q3 are expected between $22.5 million to $25.7 million, compared with $18.6 million in Q313.

And, Fifth Street Senior Floating Rate ( FSFR ) said late Wednesday it commenced a public offering of 22.8 million shares of its common stock. FSFR plans to grant the underwriters for the offering an over-allotment option to purchase up to an additional 3.42 million shares of common stock.

Separately, it said net investment income in Q2 was $0.28 per share, up a penny sequentially.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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