B. Riley jumps ahead of Q4 update, capital allocation details

Shares of B. Riley Financial (RILY) are moving higher after the company announced it will release preliminary Q4 financial results after market close on Monday, March 3. The company also announced the filing of its quarterly report for the three-month period ended September 30, 2024, or Q3. With the filing, B. Riley expects to regain compliance with Nasdaq. Bryant Riley, Chairman and Co-Chief Executive Officer, commented: “We look forward to providing investors with a broader update when we host a conference call next Monday. At that time, we will provide a comprehensive picture of our business and our priorities for the coming year. We will also share more about our capital allocation priorities, including how we expect to invest for renewed growth and value creation.” Shares of B. Riley are up 17%, or 57c, to $3.97 in morning trading.