Tuesday, July 31, 2007

UPDATE 1-Thomas Weisel Partners quarterly profit doubles

(Reuters) - Asset management revenue rose to $14.3 million in the
latest second quarter from $5.4 million a year ago, driven by
private equity gains of $9.9 million, the company said in a
statement.




The San Francisco, California-based company reported
second-quarter earnings of $6.6 million, or 25 cents a share,
compared with $3.3 million, or 14 cents a share, in the
year-ago period. Excluding items, it earned 29 cents a share.


Read more at Reuters.com Market News

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