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Canaccord Financial Inc.

11:57 AM EST - Canaccord Financial Inc. : reported that its fourth-quarter net income was $7.53 million or $0.14 per share, up from $3.67 million or $0.07 per share in the year-ago quarter. Excluding significant items, net income rose to $11.1 million from net income of $3.8 million in the same period of the prior year. Earnings per share were $0.21 compared to $0.07 last year. Revenue was $143.1 million, up 33.8% from $107.0 million the same quarter a year ago. Canaccord Financial Inc. shares T.CF are trading down $0.23 at $9.21.