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Doral Financial delays filing quarterly report



By AP
13 May 2008 @ 11:20 am EST

NEW YORK - Doral Financial Corp., a Puerto Rico-based community bank, has delayed filing its quarterly financial statements with the Securities and Exchange Commission, according to a regulatory filing Tuesday.

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In the SEC filing, the company estimates it will book a loss of about $2.3 million for the quarter ended March 31, before preferred dividends, compared with a loss of $37.3 million in the prior year.

The company said it is still preparing its unaudited consolidated financial statements and the estimates are subject to change.

Doral shares gained 7 cents to $19.67 in morning trading.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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