Heritage Global reports Q3 EPS 5c, consensus 7c

Reports Q3 revenue $15.55M, two estimates $13.38M. Heritage Global Chief Executive Officer Ross Dove commented, “We had another solid quarter, as we continue to capitalize on the opportunities we are seeing in our Industrial and Financial Asset divisions. As we have previously mentioned, our business is benefitting from strong tailwinds related to the challenging economy, with an increased volume of assets coming to market as consumer debt reaches record levels and companies downsize operations.”