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B Riley extends losses after delaying quarterly report



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** Shares of investment bank and brokerage B Riley Financial RILY.O fall ~9% to $7.44 before the bell

** Late on Monday, co said it would not be able to file its quarterly report with the Securities and Exchange Commission by the required date

** RILY shares halved on Monday after it estimated that its Q2 net loss would in the range of $435 mln to $475 mln compared with $46.4 mln profit last year

** Results were impacted by non-cash losses chiefly related to its investment in Vitamin Shoppe parent Franchise Group

** YTD, shares have lost ~61%



Reporting by Niket Nishant in Bengaluru

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