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Short Take: H&Q beats analysts' estimates

Investment bank Hambrecht & Quist reported fiscal third-quarter earnings per share of 52 cents on net income of $13.9 million, surpassing analysts' predictions of 45 cents per share. H&Q posted profits of $10.2 million, or 40 cents a share, for the like period a year ago. The company had net revenues of $102.8 million, a 25 percent increase over the year-ago period.

Investment bank Hambrecht & Quist reported fiscal third-quarter earnings per share of 52 cents on net income of $13.9 million, surpassing analysts' predictions of 45 cents per share. H&Q posted profits of $10.2 million, or 40 cents a share, for the like period a year ago. The company had net revenues of $102.8 million, a 25 percent increase over the year-ago period.